WHALE ALERT: MASSIVE $BTC SELLING!
🔴 SELL (Short-term)
Arkham data shows "Two Prime" moving 3,946 $BTC ($274M) to Binance's Ceffu custody recently, withdrawing $173M in USDT. This on-chain pattern is textbook institutional distribution (dumping BTC for stables)!
$BTC (~$70.5K) is consolidating inside a descending channel/bear flag. The 50 EMA is pressing down, making breakouts difficult amid this whale supply.
• Resistance: $72,000, $74,000
• Support: $68,350, $65,700
Trade Targets:
• Entry: $70,000 - $70,800 (Short)
• Take Profit: $68,500 (TP1), $66,000 (TP2)
• Stop Loss: $72,500
• DCA Zones (Spot): $65,700, $60,000
Why? Massive on-chain selling by Two Prime adds heavy supply overhead.
Combined with ETF outflows, $72K is a hard ceiling.
Until a breakout, expect a flush to the mid-$60Ks.
