Metaplanet Transfers 800 BTC to Coinbase Prime Amid Potential Price Pressure

Metaplanet has transferred 800 BTC (~$62.19M) to Coinbase Prime, an onchain data flagging this move as likely preparation for sale that could put pressure on near-term Bitcoin price prediction models.

The current price of Bitcoin sits at $78,860.86 within the Bollinger Bands with upper resistance at $80,060.69, while the EMA50 at $77,314.11 continues to anchor the bullish structure above the EMA200 at $70,893.87.

The neutral RSI at 45.83 paired with the MACD death cross at -52.21 suggests that any sale-driven dip would likely find support at the 50-EMA before continuation.