🔥 Whales move in before dawn! 2,000 BTC transferred to Kraken, battle to defend 75K
1️⃣ Market: $BTC around 76,070 (24h about -5.6%, range around 75,200–80,900); $ETH around 2,238 (about -7.7%). After U.S. AI stocks were hammered, Bitcoin held up relatively well—Saylor said it was a roughly 4σ selloff day for stocks (Nasdaq down about 5.5%), while BTC fell only about 5%.
2️⃣ On-chain: At 04:27 Taipei time, around 2,000 BTC (about $152 million) were transferred from an unknown wallet to Kraken (Whale Alert; mempool tx 59e0786d… verified). Earlier, at around 03:24, another 1,000 BTC (about $76.03 million) was transferred to Coinbase (verified on mempool). Large inflows to exchanges warrant watching to see whether the coins are sold or merely moved between wallets.
3️⃣ Ammunition: At around 07:09 Taipei time, USDC Treasury minted another 250 million USDC (Whale Alert; +250M confirmed via Solana RPC)—stablecoin liquidity continues to be replenished.
4️⃣ KOLs: Michaël van de Poppe expects the Nasdaq to bottom tomorrow; BTC may first sweep $75,000 before turning around. He emphasized that the spot-market thesis remains unchanged and that most of the past 24 hours’ action was driven by leverage. TedPillows: Most of the liquidity below $BTC has been swept, but there is still a cluster below 75K; once it’s swept, the upside becomes more attractive. Daan: The weekly chart is still in a viable position, and bulls need to hold their ground here.
💬 Could the sweep of 75K mark the bottom of this cycle? Are you adding to your position or sitting on the sidelines? Share your thoughts below 👇
#BTC #ETH
$BTC $ETH
1️⃣ Market: $BTC around 76,070 (24h about -5.6%, range around 75,200–80,900); $ETH around 2,238 (about -7.7%). After U.S. AI stocks were hammered, Bitcoin held up relatively well—Saylor said it was a roughly 4σ selloff day for stocks (Nasdaq down about 5.5%), while BTC fell only about 5%.
2️⃣ On-chain: At 04:27 Taipei time, around 2,000 BTC (about $152 million) were transferred from an unknown wallet to Kraken (Whale Alert; mempool tx 59e0786d… verified). Earlier, at around 03:24, another 1,000 BTC (about $76.03 million) was transferred to Coinbase (verified on mempool). Large inflows to exchanges warrant watching to see whether the coins are sold or merely moved between wallets.
3️⃣ Ammunition: At around 07:09 Taipei time, USDC Treasury minted another 250 million USDC (Whale Alert; +250M confirmed via Solana RPC)—stablecoin liquidity continues to be replenished.
4️⃣ KOLs: Michaël van de Poppe expects the Nasdaq to bottom tomorrow; BTC may first sweep $75,000 before turning around. He emphasized that the spot-market thesis remains unchanged and that most of the past 24 hours’ action was driven by leverage. TedPillows: Most of the liquidity below $BTC has been swept, but there is still a cluster below 75K; once it’s swept, the upside becomes more attractive. Daan: The weekly chart is still in a viable position, and bulls need to hold their ground here.
💬 Could the sweep of 75K mark the bottom of this cycle? Are you adding to your position or sitting on the sidelines? Share your thoughts below 👇
#BTC #ETH
$BTC $ETH
