Bitcoin Whale: Offloads 2000 BTC for $136M
Bitcoin whale bc1qsy sells 2000 BTC worth $136.48M during rebound, bringing monthly total to 9513 BTC at $623.43M amid $69161.92 price action.
SourceAnalysis
Bitcoin whale bc1qsy dumped another 2000 BTC worth $136.48M as the market rebounded, pushing its one-month sales to 9513 BTC totaling $623.43M.
Price sits at $69161.92 inside Bollinger Bands with upper resistance at $69660.35. With price testing upper Bollinger resistance ($69660.35) while RSI flashes overbought at 83.32, a healthy retracement to the 50-EMA support at $64806.81 seems probable before further continuation, especially as the MACD golden cross at 1374.37 keeps the broader bullish structure intact above the 200-EMA at $64157.5. This whale distribution adds supply pressure that could accelerate any pullback toward those EMA levels in the near term.
Lookonchain
@lookonchainLooking for smartmoney onchain