Bitcoin recently failed to overcome the $97,000 resistance following its price surge seen in mid-January. At the moment, the leading cryptocurrency has taken on a state of inertia, with no significant movement in either direction seen. However, an investigation of on-chain dynamics has recently revealed that trouble might be looming for the flagship cryptocurrency. Related Reading: Bitcoin Holds Key Support As Weekend Liquidity Sets In — $98,200 And $107,500 In Focus Sudden Inflows: Caution Or Opportunity? In a QuickTake post on CryptoQuant, key opinion leader CryptoZeno shares a potentially foreboding observation on Bitcoin’s market dynamics, saying the premier cryptocurrency could be facing a risk of distribution in the near-term
source: https://www.newsbtc.com/news/bitcoin/bitcoin-records-large-exchange-inflows-as-price-climbs-what-next-for-btc/