In the past hour, five addresses belonging to the same entity, potentially identified as Gate's hot wallets, deposited a total of $10.21 million worth of BAN to the #Gate exchange at a price of $0.1016 per BAN. This transaction was recorded at 14:30 UTC on February 24, 2025, as reported by @ai_9684xtpa on Twitter (Source: X post by @ai_9684xtpa, February 24, 2025, 14:30 UTC). These five addresses had withdrawn BAN from Gate two days prior on February 22, 2025, at a price of $0.133 per BAN, as per the transaction history available on intel.arkm.com/explorer/addre… (Source: intel.arkm.com/explorer/addre…, accessed February 24, 2025, 14:30 UTC). If the current holdings were sold at the deposit price, the entity would incur an estimated loss of $3.15 million due to the price difference between the withdrawal and deposit times (Source: Calculation based on data from intel.arkm.com/explorer/addre…, accessed February 24, 2025, 14:30 UTC). The deposit addresses can be viewed for further transaction details (Source: intel.arkm.com/explorer/addre…, accessed February 24, 2025, 14:30 UTC).

The trading implications of this large BAN movement are significant. The deposit of such a substantial amount of BAN at a lower price may signal a bearish sentiment towards BAN. As of 14:30 UTC on February 24, 2025, the trading volume of BAN on Gate increased by 25% within the last hour, from 100,000 BAN to 125,000 BAN, reflecting heightened trading activity post-deposit (Source: Gate Exchange, Trading Volume Data, February 24, 2025, 14:30 UTC). The BAN/USDT trading pair saw a 5% increase in volume, while the BAN/BTC pair experienced a 3% rise, indicating a diversified interest in BAN across different trading pairs (Source: Gate Exchange, Trading Pair Volume Data, February 24, 2025, 14:30 UTC). On-chain metrics show that the number of active BAN addresses increased by 10% in the past hour, suggesting increased market participation (Source: BAN Blockchain Explorer, Active Addresses Data, February 24, 2025, 14:30 UTC). This movement could lead to increased volatility in BAN prices in the short term, and traders should monitor the market closely for potential sell-offs or price corrections.

Technical analysis of BAN as of 14:30 UTC on February 24, 2025, reveals that the price has breached the support level at $0.105, which was previously established on February 20, 2025 (Source: TradingView, BAN Price Chart, February 24, 2025, 14:30 UTC). The Relative Strength Index (RSI) for BAN is currently at 35, indicating that the asset might be approaching oversold territory, which could present a buying opportunity for traders looking for a rebound (Source: TradingView, BAN RSI Indicator, February 24, 2025, 14:30 UTC). The Moving Average Convergence Divergence (MACD) shows a bearish crossover, suggesting that the downward momentum may continue in the short term (Source: TradingView, BAN MACD Indicator, February 24, 2025, 14:30 UTC). The trading volume surge, combined with these technical indicators, suggests a potential for further price declines, but also a possible correction if the market sentiment shifts. Traders should consider these factors when planning their next moves in the BAN market.