A giant whale dumped 6,500 bitcoins on the over-the-counter market! Is a major bull-bear showdown about to unfold tonight?
The four-hour Bitcoin chart shows a "death cross," with the MACD green bars shrinking to toothpicks. Is this a precursor to a sharp drop or a sign of the main force washing out? Let's uncover the bullish and bearish cards in three minutes!
1. Latest news!
1. Whale dumping warning: On-chain monitoring shows that a certain address transferred 11,000 BTC (approximately $480 million) to Coinbase at dawn, marking the largest single transfer this year, suspected to be a big player cashing out;
2. Regulatory black swan: The U.S. SEC has postponed its decision on the Bitcoin spot ETF, causing the fear and greed index to surge by 12%, with altcoin market capitalization evaporating by over $3 billion;
3. Main force's countertrade confirmed: A certain market maker sold 6,500 BTC over-the-counter but placed a limit sell order of $43,800 on Binance, clearly "fishing" for buyers.
2. Three major death signals from the technical analysis!
1. Inverted moving average crossover: MA5 crossed below MA10, with volume MA5 (14,300 BTC) overwhelmed by MA10 (21,600 BTC). This pattern led to a 14% drop in BTC last time; however, the volume system has already issued a warning: if the volume does not break the high, the main force is sharpening its knives.
2. MACD dive from a high: A sign of the bulls running out of steam, with DIF (1089.5) and DEA (1351.4) tearing apart, and the MACD bar (-523.9) shrinking to matchsticks. On-chain coordination: 12% of futures open contracts were cut within 24 hours, with large funds crazily withdrawing leverage, and net inflow to exchanges hitting a monthly peak.
3. Volume-price divergence: The main force is cutting leeks, with the current four-hour trading volume at 22,900 BTC, while the estimated volume of 33,400 BTC breaks through MA5/MA10.
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