Paxos Whale: Sells 800 BTC Through Wintermute
Paxos-linked whale sells another 800 BTC ($50.72M) via Wintermute, totaling 2,500 BTC ($154M) over two months amid BTC price action at $63,799.
SourceAnalysis
Paxos-linked whale offloaded another 800 BTC ($50.72M) through Wintermute 13 hours ago, pushing the two-month total to 2,500 BTC ($154M) sold according to on-chain data from @OnchainDataNerd.
Bitcoin trades at $63799.63 inside the Bollinger Bands with upper resistance at $64968.79 and lower support at $62975.96. The bearish trend structure holds as price sits below EMA50 at $64178.01 yet above EMA200 at $63718.85, while MACD at -240.29 confirms the death cross and RSI at 45.4 remains neutral. This confluence points to continued distribution pressure from large holders that could test the lower band before any recovery attempt.
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