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Analysis: The current selling pressure on Bitcoin is mainly coming from Coinbase, with another 3,169 BTC transferred in 1 hour ago On-chain data analyst Murphy stated in a post that the current selling pressure in the Bitcoin market is mainly coming from Coinbase. At around 10 a.m. this morning, 4950 BTC was transferred to Coinbase, causing BTC to drop to around $115,000; however, 1 hour ago, another 3169 BTC was transferred to Coinbase. 📱@Money📱Twitter