Bitcoin Falls to $94,000 as $1 Billion in BTC Moves to Exchanges

Bitcoin declined to $94,000 on November 16, testing this support level for the second time since November 14. More than 10,000 BTC, valued at approximately $1 billion, transferred to crypto exchanges within 72 hours, according to analyst Ali. Such movements typically indicate potential selling pressure, as holders generally store Bitcoin off exchanges unless planning immediate sales.