3,200 Bitcoin In Motion: Galaxy Digital Activity Adds Sell-Side Pressure Risk

Bitcoin opened the year trading above the $93,000 level, offering bulls a brief sense of relief after weeks of heavy consolidation and persistent selling pressure. The move higher suggests that buyers are still active at key demand zones and willing to defend prices above the psychological $90,000 mark. Short-term momentum has improved, and price action is stabilizing after the sharp drawdown seen late last year. However, despite this early show of strength, the broader market structure remains fragile. Many analysts continue to warn that the dominant trend is still tilted to the downside. Bitcoin remains below several critical structural levels, and upside attempts have yet to invalidate the broader corrective phase. In this context, renewed volatility should not be ruled out, especially as liquidity conditions and on-chain behavior remain mixed. Adding to this cautious outlook, top analyst Darkfost highlights a notable on-chain development: Galaxy Digital has moved more than 3,200...

https://bitcoinist.com/3200-bitcoin-galaxy-digital-activity-adds-sell-side/