Bitcoin On-Chain Alert: Something Important Happened at $84K
Bitcoin just sent a clear on-chain signal that often appears near market turning points.
On Nov 23, the 30-day average of $BTC transferred jumped to 955,000 BTC: The highest network activity since May, right as price touched $84,000.
Why does this matter?
When a huge amount of BTC moves during a price drop, it usually means:
๐ธ Weak hands are panic selling
๐ธ Coins are rushing to exchanges
๐ธ Strong buyers are absorbing that supply
This process is called capitulation โ accumulation.
In simple terms:
Fear sold, conviction bought.
High volume at a low is often constructive, not bearish. It shows the market successfully absorbed heavy selling pressure.
What does this mean for price?
The $84K level has now proven itself as a strong demand zone. As long as price holds above it, the odds favor stabilization first, then a potential rebound, not an immediate breakdown.
