BTC Whale: Deposits 158.7 BTC to Coinbase

BTC whale address bc1q7v0xc0em9w6hjnphwcp7ntj6y80mv9meljvlgw moved 158.7 BTC valued at $10.01 million into Coinbase eight hours ago, sourced from Kraken withdrawal on March 11 2023 at roughly $20k cost basis.

The holder sat through the full bull run without selling at peak unrealized gains above $15.31 million, yet current profit stands at just $6.206 million after a 40% drawdown from highs.

Price action on the 4h chart shows BTC at $63448.32 inside Bollinger Bands with upper resistance at $64312.13, while EMA50 at $64059.56 acts as immediate overhead supply and EMA200 at $63720.3 offers secondary resistance; MACD death cross at -262.98 confirms bearish momentum even as RSI at 41.13 leaves room before oversold territory, suggesting any bounce attempt will likely stall at the 50-EMA before testing lower band support near $63114.42.