Bitcoin Whale Sells 2000 BTC for $136M Amid Market Rebound
A large Bitcoin holder, identified as bc1qsy, has made another significant sale of BTC. This time, they offloaded 2000 BTC worth $136.48 million to the market, bringing their total one-month sales to 9513 BTC and a grand total of $623.43 million.
The price of Bitcoin currently sits at $69,161.92 within its Bollinger Bands, with an upper resistance level of $69,660.35. As the price tests this upper resistance while the Relative Strength Index (RSI) flashes overbought at 83.32, a healthy retracement to the 50-EMA support at $64,806.81 seems probable.
This whale distribution adds supply pressure that could accelerate any pullback toward those EMA levels in the near term. The MACD golden cross at 1374.37 keeps the broader bullish structure intact above the 200-EMA at $64,157.5.