Bitcoin: Mystery Whale Buys $17B Near $58K

The Block highlighted comments from Richard Byworth of BYZ Partners that a single whale acquired $17 billion in Bitcoin near $58K, outside known corporate and ETF channels.

Bitcoin trades at $80808.91 on the 4h chart inside a bearish structure with price below both EMA50 at $82036.06 and EMA200 at $82006.18; the MACD death cross at -438.7 reinforces downside momentum while RSI at 37.83 sits neutral and price remains contained between the Bollinger bands at $79574.61 support and $84489.79 resistance, suggesting any relief rally will likely stall at the upper band before retesting the clustered EMA resistance zone.