Binance Sees Another Large BTC Deposit Amid Price Volatility

Binance has received another large deposit of Bitcoin (BTC) from a significant investor. The cryptocurrency exchange absorbed 3000 BTC, worth approximately $225.67 million, in fresh deposits within the past two hours.

This adds to the total deposits made by this whale since July 19, bringing the cumulative amount to 12513.5 BTC or $850 million.

At present, the Bitcoin price is testing upper Bollinger resistance at $76,412.1 while the Relative Strength Index (RSI) flashes overbought at 93.66. As a result, it seems probable that there will be a healthy retracement to the 50-EMA support at $66,697.78 before further continuation.

The MACD golden cross at 27,758.58 keeps the broader bullish structure intact on the 4-hour chart.