A giant whale deposited 7.5 billion USD in BTC to Binance in a month! This signal is exactly the same as before the crash in March this year.
CryptoQuant data has just revealed: In more than 30 days, a giant whale deposited 7.5 billion USD of BTC to Binance, marking the first time since March this year—after which BTC directly dropped from 102,000 to 70,000.
Depositing coins to exchanges basically means 'preparing to sell.' The current wave of selling pressure signals aligns with what happened before the crash, combined with the previous pressure of the bull-bear watershed, the short-term market fluctuations are expected to be significant.
On one side, there are the benefits of interest rate cuts and the US stock market; on the other side, there is the selling pressure from the giant whale. Which side do you stand on?
