Bitcoin’s price faces downward pressure as $211.24 million in BTC flowed into exchanges over the past week. The Coin Days Destroyed metric spiked to 2026 highs, signaling potential holder panic, though the Coldcard hack may have contributed to this surge. Exchange whale ratios remain elevated, suggesting potential selling pressure from large holders. Rising open interest without commensurate spot demand creates conditions for a bearish squeeze scenario for Bitcoin, with the price struggling at the $65,000 level.
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