Jump Crypto Unloads Nearly $100 Million Worth of Bitcoin This Week
Jump Crypto has made significant moves in the cryptocurrency market this week, selling off a substantial portion of its Bitcoin holdings. According to blockchain news, the company deposited 286.83 BTC (~$18.01M) into Binance just two hours ago, bringing its total sales for the week to 1.56K BTC (~$99.2M). This leaves Jump Crypto with approximately 1.41K BTC (~$88.58M) in remaining holdings.
The current price of Bitcoin sits at $63,108.83, which is within the Bollinger Bands. The upper resistance level stands at $64,133.54, while the EMA50 and EMA200 values are capping upside at $63,827.85 and $63,697.22 respectively.
The technical indicators suggest that any potential bounce in the market will likely stall and retrace towards lower band support at $62,706.26 before a directional move occurs.