🚨 WHALE ALERT: WHALES DEPOSIT 2,500 $BTC TO BINANCE - SELLING PRESSURE EMERGING?

While the market is excited about whales accumulating assets, another force is taking the opposite action.

On-chain data has just detected a massive amount of BTC being pushed to the exchange.

📊 Transaction Details:

Time: About 1 hour ago.

Action: Deposited 2,500 BTC to Binance.

Value: Equivalent to $172.56 Million USD at the time of transfer.

📉 Impact & Analysis:

- According to the money flow rule, transferring a large amount of coins from cold wallets to exchanges is usually a signal for preparing to sell or using as collateral for margin trading.

- This action is completely contrary to the buying side. This indicates that the price range of $69,000 - $69,500 is a fierce battleground, where the selling side wants to take profit or press the price down.

- With 2,500 BTC waiting on Binance's Orderbook, if this whale places a market sell order, the price of BTC could face significant volatility pressure in the short term.

Investors need to closely monitor price reactions at the $69k region. If this level is breached with high volume, a deeper correction scenario may occur due to pressure from this wallet.

This article is for informational purposes only and is not investment advice.