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Plummet Signal for Bitcoin But This Time Good: Altcoin Season May Ignite! - Koin Bulletin
Bitcoin (BTC) has experienced the largest exchange inflow since July 2024, and this movement may pave the way for the start of the altcoin season.
One of the notable developments in the cryptocurrency market has occurred. Recent data shared by a CryptoQuant analyst indicated a significant increase in the amount of Bitcoin entering exchanges. These net inflows, reaching the highest level seen since July 2024, suggest that investors are realizing profits in BTC and signal that new activity is coming to the market.
Looking at historical data, Bitcoin inflows occurring at such high levels are generally considered to be heralds of larger price corrections. It is particularly believed that institutional investors or large funds may have turned to selling Bitcoin in order to manage their risks. This situation could lead to a short-term decline in the price of Bitcoin.
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However, according to the CryptoQuant analyst, this situation has another effect on the market: the capital leaving Bitcoin may flow into altcoins, triggering a new altcoin season. The increase in the amount of Bitcoin entering exchanges could raise market volatility, rapidly increasing demand for altcoins.