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The UK Treasury is drafting new rules to regulate #crypto like traditional financial products, bringing the sector under FCA oversight by 2027, according to The Guardian.
A major step toward tighter supervision and clearer rules for #UK crypto markets.
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:
🔸 Weak hands are panic selling 🔸 Coins are rushing to exchanges 🔸 Strong buyers are absorbing that supply
This process is called capitulation → 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. #BinanceAlphaAlert
Right now, both #bitcoin and #Ethereum are trading below their key moving averages.
This is important because it tells us the market is still in a bearish structure, not a new uptrend.
What price is showing:
▪️ Every bounce is getting sold near moving averages ▪️ Selling volume is stronger than buying volume ▪️ Breakout attempts happen with low conviction
On-chain / flow insight:
▪️ No clear whale accumulation yet ▪️ Liquidity is leaving on rallies, not entering ▪️ Buyers are present, but weak and cautious
$BTC vs $ETH :
▪️ Ethereum is holding up better than Bitcoin ▪️ ETH recovery looks cleaner, with less panic selling ▪️ But ETH is still below major resistance, Trend not flipped
What this means for price:
▪️ Current moves look like relief bounces, not bottoms ▪️ Until price reclaims key levels with strong volume, downside risk remains ▪️ A deeper correction is still possible before the next real bullish phase
Strong markets don’t struggle to go up. Weak markets do.
Stay patient. Let the market show strength before getting aggressive.