BTC at Key Juncture as Whale Shifts $348M to Exchanges

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A whale moved 4,000 Bitcoin to Binance, sparking fresh fears of a deeper BTC price drop if the $81,500 support level is lost.

Bitcoin’s market is at a “crucial moment” after breaking key long-term support levels, coinciding with large BTC transfers from a digital asset treasury company to a major exchange.

Bitcoin risks plunging into a bear market if it breaks below the True Market Mean at $81,500.

Two wallets linked to Matrixport transferred 4,000 Bitcoin to Binance, fueling fears of a fresh sell-off.

Bitcoin price must hold $81,500
Bitcoin has dropped toward and found support near its True Market Mean (TMM), currently at $81,500, according to onchain data provider CryptoQuant.

The True Market Mean, or the Active-Investor Price, represents the cost basis of all non-dormant coins, excluding miners. 

“This level has acted like a psychological line in the sand,” CryptoQuant analyst MorenoDV_ said in a Quicktake analysis on Wednesday.


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