Bitcoin Under Pressure? Rising Exchange Inflows Signal Potential Supply Build-Up

Bitcoin remains under the $120,000 price mark following a pullback triggered by remarks from the US Treasury that the federal government will not be purchasing the cryptocurrency. At the time of writing, BTC is valued at approximately $118,612, representing a 4. 1% decline from its record high above $124,000 reached earlier this week. The market seems to be currently assessing whether this consolidation phase will lead to renewed upward momentum or extend the correction source: https://www.newsbtc.com/bitcoin-news/bitcoin-under-pressure-rising-exchange-inflows-signal-potential-supply-build-up/