Fidelity: Buys $23.08M BTC for FBTC ETF
Onchain Lens reports that Fidelity's FBTC ETF wallet acquired and withdrew 282.63 BTC worth $23.08 million directly from Binance to the address bc1qfse9t6kejejy5twvwmcmy5fepafdnrpj5cwwk9.
SourceAnalysis
Fidelity purchased 282.63 BTC valued at $23.08M for its FBTC ETF, withdrawing the coins from Binance to wallet bc1qfse9t6kejejy5twvwmcmy5fepafdnrpj5cwwk9 according to @OnchainLens.
Bitcoin sits at $81697.09 inside its Bollinger Bands on the 4h chart, with the upper resistance at $84514.02 capping upside while the lower support rests at $80745.65. The EMA50 at $82529.67 and EMA200 at $82131.47 both press from above in a bearish structure confirmed by the MACD death cross at 116.47, and the neutral RSI at 42.42 leaves room for a test of the lower band before any sustained move higher.
Onchain Lens
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