Crypto
Bitcoin Whales Unload $340M in Coordinated Short Sale
A coordinated short sale of $340M in Bitcoin has been executed by four whale wallets on Hyperliquid, according to recent data.
The whales took a combined total of 4,674 BTC ($340 million) from the market when Bitcoin was trading near $64K. The largest single transaction was for 1,792 BTC ($114 million), with other significant sales including 1,576 BTC ($100M), 1,200 BTC ($76.5M), and 806 BTC ($51.4M).
The price of Bitcoin currently sits at $64,095.41 within its Bollinger Bands, with resistance at $65,590.87 and support at $63,179.77.
Technical indicators suggest further downside pressure before a potential reversal, as the MACD death cross is at -234.93 and RSI is neutral at 46.56.