WBTC Whale: $24.1M Deposits to Binance Since August

WBTC whale who began BTC DCA in 2022 has sent $24.1 million worth of the token to Binance since August 10, unloading from $62,000 levels up to $79,000; the address offloaded another 30.1 WBTC worth $2.37 million nine hours ago.

Price action at $78706.81 shows a bearish structure with price pinned below the EMA50 at $78856.81 while the EMA200 at $73910.4 offers distant support; the MACD death cross at -229.95 reinforces downside momentum even as RSI at 46.39 remains neutral inside the Bollinger bands, with upper resistance at $80376.69 and lower support at $77964.4 suggesting limited volatility before any sustained move. WBTC price prediction models now factor repeated exchange inflows as key resistance tests, while crypto market crash scenarios gain traction if the death cross extends. AI industry impact on wrapped Bitcoin custody flows remains secondary to these on-chain signals.