Binance: $25M TWAP Selling Hits BTC Order Book
Binance absorbs $25M Green TWAP sell orders on BTC at $58,857 with bid liquidity now at $59k ahead of synchronized closes.
SourceAnalysis
Binance recorded $25M in Green TWAP selling over six hours via FireCharts binned CVD, driven by EU customer outflows, while bid liquidity shifted to $59k and can absorb another $25M before deeper downside. BTC trades at $58,857.3 on the 4h chart inside a bearish structure defined by EMA50 at $60,844.54 and EMA200 at $65,772.8, with MACD at -402.24 confirming the death cross and RSI at 35.86 remaining neutral. Price currently tests the lower Bollinger Band support at $59,011.82 after rejecting the upper band at $60,881.33, setting up volatility into the synchronized daily, monthly and quarterly closes as order-book depth gets challenged.
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