Headline: Bitcoin whale dumps 8,200 BTC into Binance as sellers tighten grip — BTC risk of testing $60k rises A large Bitcoin whale has accelerated selling this week, depositing 8,200 BTC (around $559 million) to Binance over the past 48 hours, coinciding with renewed downside pressure across the market. What happened - After a rejection at roughly $72,000, BTC plunged and hit an intraday low of $65,080 before a brief bounce to about $66,725. At press time the asset was quoted near $60,000, down about 1.64% on the day — underscoring how fast price swings have become. - Lookonchain flagged the whale activity: 8,200 BTC were moved into Binance in the last two days, a move that has often preceded price drops in previous instances. - TradingView’s Whale Trend Analysis shows sell-side whale activity has been steady for two consecutive weeks. After price slipped back under $70k, whale buying largely disappeared and sellers dominated order flow. Why it matters - Repeated whale selling coincides with strong bearish conviction: every notable reduction in holdings by this whale has been followed by a price pullback, and the latest round of sales preceded a more than 3% drop to the $65k area. - Market internals point to thin demand. Bitcoin’s Ease of Movement (EOM) has been negative for 30 straight days, signaling that price is falling easily even without heavy volume — sellers are pushing prices down with little resistance. - The Money Flow Index (MFI) sits around 32, indicating weakened buying pressure and dominant selling flows. With demand-side liquidity thin, even modest selling can produce outsized downside moves. A possible upside trigger - Exchange netflow data (CryptoQuant) suggests that when netflow moves sufficiently negative — indicating buyers are pulling coins off exchanges — BTC has managed short recoveries. For example, a netflow drop to about -1.4k BTC coincided with a rebound from $65k previously. - For a sustained trend reversal, buyers — and in particular whales — would need incentives to return to the market and absorb sell-side pressure. Otherwise, BTC faces a heightened risk of retesting support near $60k and potentially breaking below $65k. Bottom line Whale liquidations and persistent sell-side pressure have strengthened downward momentum in Bitcoin. Until demand re-emerges, thin liquidity means sellers can keep pushing prices lower; a decisive recovery likely depends on renewed whale buying or significant exchange outflows. Disclaimer: This article is informational and not investment advice. Crypto trading carries high risk; do your own research before making decisions. © 2026 AMBCrypto (sources: Lookonchain, TradingView, CryptoQuant) Read more AI-generated news on: undefined/news

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