BTC Whale Transfers $151M cbBTC to Coinbase
BTC whale dumps last 2000 cbBTC worth $151M into Coinbase, pocketing $5.37M profit from February buys at $73,837 average.
SourceA major BTC and ETH whale, who sank $500 million into bottom buys back in early February, just shifted the final 2000 cbBTC tokens valued at $151 million over to Coinbase. This entity snapped up 4000 cbBTC at an average cost of $73,837, now offloading the lot at $75,181 per token for a tidy $5.37 million gain, signaling smart timing amid recent BTC price prediction volatility and broader crypto market trends like the hype around Bitcoin integrations with emerging projects such as TAO.
On the 4-hour BTC chart, price action holds bullish above the EMA200 at $71,922, but the MACD death cross at 165.33 flashes bearish momentum while RSI sits neutral at 53.34. With Bollinger Bands squeezing and price testing the upper resistance near $77,309, expect a potential pullback to the EMA50 support at $74,657 before resuming upside, especially if lower band support at $74,061 holds firm against any crypto market crash risks.
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@EmberCNAnalyst about On-chain Analysis