Bitcoin’s price dropped by double digits in the last 30 days, but there were chances of a trend reversal.revealed that over the last 30 days, BTC witnessed a more than 11% price decline. In the last seven days alone, the coin’s value sipped by over 6%.
To be precise, the German government transferred 750 BTC, worth $46.35 million, out again, of which 250 BTC, worth $15.41 million, was transferred to Bitstamp and Kraken.revealed that BTC’s net deposit on exchanges was high compared to the last seven days’ average, hinting at high buying pressure. High buying pressure often results in price increases. Therefore, AMBCrypto checked Glassnode’s data and found a bullish metric.
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