Bitcoin Whale: Deposits 489 BTC, Takes $4.45M Loss

A prominent Bitcoin whale just capitulated, depositing 489 BTC valued at $39.59M to Binance an hour ago to cut losses, having acquired them four months back at an average price of $90,144 per coin, resulting in a stinging $4.45M hit amid ongoing crypto market crash pressures and Bitcoin whale activity signaling broader capitulation.

Zooming into the 4-hour BTC chart, price action clings to a bullish structure with the EMA50 at $80,471.21 acting as immediate support and the EMA200 at $76,684.48 providing deeper confluence for longs, yet the MACD death cross at 201.37 screams bearish momentum while RSI hovers neutral at 49.03; with BTC trading inside Bollinger Bands, eyeing upper resistance at $82,067.92 and lower support at $80,017.29, expect a probe toward that lower band exhaustion before bulls reclaim control, especially as Bitcoin distills macro vibes from trending plays like TAO in the crypto market crash narrative.