Bitcoin Whale Unloads 6494 BTC on Binance
A significant transaction has been recorded on Binance involving a large Bitcoin holder. Over the past three weeks, this whale deposited 6494 BTC, valued at approximately $420.5 million.
The origin of these funds appears to be from miners based on the address used, bc1qsylwjhesm58uw9vsp7vwgadq5fqna4e3e8qnpd.
Currently, Bitcoin's price sits at $64,844.27 within its Bollinger Bands with resistance at $65,309.19 and support at $64,233.21. This price action is anchored by the EMA50 at $64,386.96 and EMA200 at $63,717.35.
However, technical indicators suggest that a healthy retracement toward the 50-EMA support may occur before any continuation higher in the current cycle, as indicated by the MACD death cross at 246.2 and RSI at 55.87 staying neutral.