Crypto
Binance Sees Massive BTC Withdrawal Amid Bullish Trend
A large withdrawal of Bitcoin has taken place on Binance, according to recent on-chain data. A fresh wallet received 434.87 BTC worth approximately $27.96 million in a single transaction.
The price of Bitcoin currently sits within the upper and lower bounds of the Bollinger Bands, with resistance at $64,990.04 and support at $63,735.3. The Exponential Moving Average (EMA) 50-day at $64,090.39 and EMA 200-day at $63,445.22 continue to influence the bullish trend structure.
The Relative Strength Index (RSI) at 61.45 indicates room for further price movement before reaching overbought territory. However, the Moving Average Convergence Divergence (MACD) death cross at 227.47 raises caution regarding near-term momentum.