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Bitcoin Whale Selling Cools as Traders Shift Focus to Key $59K Level
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4 Articles
Bitcoin Holds Range as Binance Whale Selling Pressure Shows Signs of Cooling Down
TLDR: Whale inflows to Binance dropped to 1,600 BTC daily, easing sell pressure after February’s peak Bitcoin remains range-bound between $65K support and $75K resistance, reflecting market uncertainty February’s 11,800 BTC inflow spike aligned with a sharp drop from $90K to $65K levels Lower highs in price action signal weak momentum despite reduced whale-driven selling activity Bitcoin is showing resilience within a broad range, even as whale…
Bitcoin goes through a complex phase, marked by macroeconomic uncertainty and an obvious correction after the peaks reached in previous months. However, in the midst of this challenging context, a key signal emerges that could change the narrative in the short term: the selling pressure of the whales in Binance is decreasing. This change in the behavior of the big players in the market not only brings a relevant nuance to the current analysis of…
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