Bitcoin Whale: Moves $415M+ BTC to Exchanges
Onchain Lens reports a Bitcoin whale deposited 949.7 BTC worth $77.55M to Binance and Deribit likely to sell while shifting another 4.15K BTC valued at $337.7M to its own wallet that has previously sent funds to exchanges.
SourceAnalysis
Bitcoin whale address 1L6HpaTyCRS33oiBKRUe1fsKrzDPsJALcg moved more than $415M in BTC according to Onchain Lens. The entity sent 949.7 BTC ($77.55M) directly to Binance and Deribit, actions consistent with distribution, while routing an additional 4.15K BTC (~$337.7M) to a self-custodied wallet that has already forwarded coins to exchanges.
Price sits at $81769.81 inside the Bollinger band with upper resistance at $84562.05 and lower support at $80547.81. The structure remains bearish as price trades below both the EMA50 at $82399.22 and EMA200 at $82108.36, while the MACD death cross at -138.11 confirms trend weakness and RSI at 44.36 shows neutral momentum without oversold relief. Institutional desks therefore watch for a test of the lower band before any sustained recovery attempt.
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