Bitcoin faces bearish pressure, hitting a 12-day low.
Whale activity involves large BTC transfers to Binance amid declining prices.
Bitcoin has been under heavy bearish pressure over the past three days, hitting a 12-day low of $57,860 yesterday. Currently trading at $59,978 with a 0.19% decline, Bitcoin’s trading volume is down by 24%. Over the past month, the cryptocurrency has seen a 14% decline. Amid this downturn, significant whale activity has been observed.
Today, a whale transferred 1,700 BTC, valued at $99.9 million, to Binance just 20 minutes ago. Following today’s price drop, the same whale moved an additional 3,500 BTC ($206 million) to Binance at an average price of $58,891. The whale currently holds 4,368 BTC, worth approximately $256 million.
Moreover, on July 4, this whale or institution deposited 1,800 BTC ($106 million) to Binance. In that week alone, the whale deposited a total of 5,281 BTC ($323 million) to the exchange at an average price of $61,19
We współpracy z: https://thenewscrypto.com/is-whale-activity-driving-bitcoin-bearish-trend/
