Recently, Bitcoin ( BTC ) market has shown some noteworthy movements. According to on-chain data analysis, the current selling pressure on BTC mainly comes from the well-known Crypto Assets exchange Coinbase.

This morning around 10 a.m., approximately 4,950 BTC were transferred to the Coinbase platform, causing a significant decline in the BTC price to around $115,000. However, just one hour later, another 3,169 BTC were transferred to the same exchange, further intensifying the market's dumping pressure.

As of now, the on-chain data is updated up to this point. If there are no new large BTC transfers into Coinbase in the future, the BTC price is expected to stabilize around $115,000. However, if there continue to be large BTC transfers to Coinbase on-chain, the market may face further downward risks.

This series of capital flows reflects the sensitivity of the current crypto assets market, with investors closely following the behavior of large holders. At the same time, it highlights the significant influence of mainstream exchanges on short-term price trends.

For BTC holders and potential investors, closely following on-chain data and large transfer trends may help better grasp market trends. However, given the high volatility of the Crypto Assets market, investment decisions should still be made cautiously and take multiple factors into consideration.