Binance Swells BTC Holdings Amid Bearish Market Signals

Binance has received a significant influx of Bitcoin from a whale investor, as reported by @lookonchain. The blockchain analytics platform revealed that Binance absorbed 1,060 BTC ($67.52M) from a single whale address on July 31, 2026.

At the time of the deposit, Bitcoin's price sat at $62,864.7. However, the market is experiencing bearish signals, with EMA50 and EMA200 capping upside potential. The MACD death cross at -155.41 suggests sellers are in control, while the RSI at 34.59 indicates room for additional downside before a potential bounce.

The 4h chart shows Bitcoin probing the lower Bollinger band near $63,079.52, which may be a key level to watch as the market navigates this bearish structure.