A newly created wallet withdrew 533.5 Bitcoin worth $31 million from Binance, the world’s biggest crypto exchange at the 58,188 level.
If BTC falls to the $56,850 level, nearly $721 million worth of long positions will be liquidated.Whales’ interest in Bitcoin
Additionally, Spot On Chain noted that six whales have accumulated a significant 4,046 BTC and WBTC worth $239.5 million from centralized exchanges this week. On the other hand, due to the high volatility, the number of active addresses has dropped by 27.6% in the last 24 hours, according to the on-chain analytic firm CryptoQuant.At press time, Bitcoin was trading near the $58,430 level, having remained stable over the last 24 hours. Its trading volume has increased by 6% during the same period, indicating higher participation of investors.
According to AMBCrypto’s technical analysis, BTC looked bearish, as it was trading below the 200 Exponential Moving Average on a daily time frame.
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