š BTC WHALE DEPOSITS 1,140 BTC (~$121M) TO BINANCEāProfit-Taking Signal?
Onāchain data revealed a massive deposit: a whale moved 500 BTC and 640 BTC, totaling 1,140āÆ$BTC (~$121 million) into Binance, all within an hour.
š Why This Is Huge
1. Profit-Taking Alert ā Large inflows to an exchange often signal preparation to sellāclassic whales locking in gains.
2. Price Trigger Potential ā This action coincided with Bitcoin jumping +2.6%, topping $106K, before a pullback.
3. Trader Signal ā Smart traders can use this as a cue for possible short-term resistance and re-entry zones.
š What Traders Should Watch
⢠Resistance Zone: Expect supply pressure around $106Kā$107K as this $BTC may hit sell walls.
⢠Support Opportunity: A pullback to $103Kā$104K could be a prime spot for accumulation.
⢠Next Move: If buying demand overwhelms the sell-off, a bounce above $108K could reignite momentum.
š„ Strategy Tip: Wait for the dip near $104K, then scale ināthis is how you ride the wave after smart money takes profits.
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ā Tell Me:
⢠Do you see this as a sell signal or consolidation before another surge?
⢠Are you waiting to buy the dip or taking profits now?
⢠Whatās your next targetā$108K, $110K, or beyond?
š Letās discuss and level up our trading together! ššš
#bitcoin #BTC #CryptoWhale #Whale.Alert #TradeSmart