Whale Withdraws $72.6M From Binance Amid Crypto Market Uncertainty

Binance has processed a significant withdrawal of 950 BTC ($72.6M) from two newly created wallets, likely controlled by the same whale.

The price of Bitcoin currently sits at $83,504.87 within a bullish structure above its EMA50 at $82,400.87 and EMA200 at $77,239.45.

The Relative Strength Index (RSI) is at 47.6, indicating a neutral reading, while the Moving Average Convergence Divergence (MACD) has printed a death cross at 675.53.

As Bitcoin tests the upper Bollinger band resistance at $87,835.85, a healthy retracement toward the 50-EMA support at $82,400.87 appears probable before any continuation.