🚨🚨🚨 Whale Activity Spotted: 949# $BTC (≈$111.7M) has just been transferred from an unknown wallet to #Binance 🐋💰

This movement may indicate bearish pressure in the short term, as large BTC$BTC inflows to exchanges often signal upcoming sell activity or preparations for increased market action.

📊 My Breakdown:

When Bitcoin is sent to major exchanges like Binance, it’s usually to:

→ Lock in profits

→ Convert into altcoins

→ Brace for market swings

Considering recent price peaks, this could be either strategic profit booking or an attempt to shift market sentiment.

📉 Short-Term Outlook:

We could see a temporary price pullback due to rising fears of sell pressure. Key support to monitor: 116K–118K range. A drop below this could trigger more downside momentum.

🔮 Mid-Term View:

If this is an isolated move, the market may recover quickly. But if other whales follow, it could lead to a broader correction—or even trigger a shift into altcoins, possibly signaling the early stages of altseason.

📌 Watching Closely:

Binance order book activity and potential sell walls

Ongoing whale transactions of similar size

BTC dominance and ETH/BTC ratio trends

💬 TL;DR: Nearly $112M worth of BTC was moved to Binance—potential signal of an incoming sell-off. Stay alert, whale actions can cause sudden market shifts.