Markets· ★★★· bearish·

Two Whales Deposit $200M in BTC to Exchanges as Price Pressure Builds

  • —Two whales deposited $200M in BTC to exchanges over 24 hours
  • —BTC at $80,267, below 50-day MA of $81,873 and above 200-day MA of $73,066
  • —Key support at $76,813; resistance at $82,124
  • —Bitcoin open interest fell to about $54B from a September peak above $60B
Why it matters: Large exchange deposits can amplify selling pressure; holding the $80K zone will determine whether the correction deepens toward $76,813.
Source: TronWeekly