After hitting its all-time high above $61,500 levels on late Saturday, Bitcoin (BTC) seems under pressure at this stage. At press time, BTC has slipped below $60K levels and is trading 2.5% down at $59,666 with a market cap of $1.114 trillion.
However, there's a big red-flag at this stage and new buyers would maintain caution. CryptoQuant CEO and popular Bitcoin analyst, Ki-Young Ju notes that there has been a massive 18,961 BTC deposits on the Gemini Exchange. He further writes:
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