Bitcoin: Wallet Sends $50.72M BTC to Wintermute

Bitcoin wallet bc1pz8z59cvpjzzw0w73tvm88xsukjdv8t5j45ltnhte8vnc4nujg03stt6vwr transferred another 800 BTC valued at $50.72 million to Wintermute six hours ago, bringing cumulative flows since June 25 to 2300 BTC or $142 million at an average entry of $61813 with all funds traced to Paxos.

Bitcoin price action at $63583.09 sits below both EMA50 at $64204.63 and EMA200 at $63721.54, locking in the bearish trend structure while the MACD death cross at -290.31 reinforces downside momentum; with RSI at 41.33 still neutral and price contained inside the Bollinger bands, the next logical test points to lower band support at $62922.99 before any attempt to reclaim the upper resistance at $65237.19.