Long

Beta Finance

Millions

Bitcoin

<p>Crypto analysts have observed Bitcoin sales by major holders, sparking concerns about a potential market downturn. Lookonchain, a crypto tracking platform, reported substantial Bitcoin deposits to Binance exchange by a whale investor.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Note that this whale deposited 1,700 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($99.92M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> again 20 minutes ago.<br><br>He deposited 3,500 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($206M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> in just 5 hours!<a href="https://t.co/gq0KtAOQEZ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/gq0KtAOQEZ</a> <a href="https://t.co/tTKWALqNak" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/tTKWALqNak</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1808764387718803723?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="strong-massive-bitcoin-deposits-strong"><strong>Massive Bitcoin Deposits</strong></h2>
<p>Lookonchain revealed that a whale deposited 1,700 BTC (worth approximately $99.92 million) to Binance. This transaction occurred just 20 minutes after a previous deposit of 3,500 BTC ($206 million) by the same entity.&nbsp;</p>
<p>Besides, the total amount transferred to Binance by this whale in a mere five-hour span reached a 5,200 BTC, valued at nearly $306 million.</p>
<p>Notably, these weren’t isolated incidents. Lookonchain reported another deposit of 1,800 BTC ($106 million) to Binance by the same whale investor. This brings the total Bitcoin deposited to Binance since June 27 to 5,281 BTC, equivalent to $323.2 million.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-losses-and-market-implications-strong"><strong>Losses and Market Implications</strong></h2>
<p>The crypto tracking platform highlighted a crucial detail about these transactions. The whale investor apparently made these deposits at a loss, estimated to be around $20 million.&nbsp;</p>
<p>Moreover, this willingness to accept losses raises questions about the investor’s market outlook and possible motivations behind the sell-off.Such massive Bitcoin movements often come before major market shifts.&nbsp;</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-beta-finance-beta-crypto-price-pumping-2/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is Beta Finance (BETA) Crypto Price Pumping?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-bitcoin-price-predictions-and-support-levels-strong"><strong>Bitcoin Price Predictions and Support Levels</strong></h2>
<p>Amid these whale movements, market analysts are analyzing Bitcoin’s price trajectory. CryptoBusy, a crypto analyst, shared insights about potential price levels.&nbsp;</p>
<p>CryptoBusy noted that if Bitcoin fails to hold support at $56,000, the next major demand zone could be between $53K and $50K.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> TO $50,000 THIS JULY? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f631.png" alt="😱" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53b.png" alt="🔻" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>If <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> can't hold the $56K support, next major demand zone is at $53k to $50K<br><br>Alts can suffer if this happens. Huge buying opportunity!<br><br>As a trader, we need to adjust and follow the trend.<br><br>What's your thoughts on <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> ? Share you trades… <a href="https://t.co/p3wuSaLWMH" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/p3wuSaLWMH</a></p>— CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1808686557790105846?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Moreover, the analyst emphasized the importance of adaptability in trading. “<em>As a trader, we need to adjust and follow the trend,”</em> the analyst stated. This advice comes as the market braces for potential volatility triggered by the whale’s massive sell-off.</p>
<h2 class="wp-block-heading" id="strong-altcoin-market-impact-strong"><strong>Altcoin Market Impact</strong></h2>
<p>The expert issued a caution regarding possible repercussions for the larger crypto market. Altcoins may see even more severe price drops if Bitcoin sees one. However, CryptoBusy views this potential dip as a “<em>huge buying opportunity”</em> for investors.</p>
<p>Market participants are now closely monitoring Bitcoin’s price action. They’re watching for signs of whether the crypto can maintain crucial support levels or if it will indeed drop to the predicted $50,000 range.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-whales-offload-millions-how-long-will-btc-price-crash-last/" rel="noopener noreferrer nofollow">Bitcoin Whales Offload Millions – How Long Will BTC Price Crash Last?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Whales Offload Millions – How Long Will BTC Price Crash Last?

Table of Contents

CaptainAltcoin

Other articles published on Jul 4, 2024

DePin Project Hivemapper Outperforms Market Trend: HONEY Token Surges Over 30%

Justin Sun Wants to Save Bitcoin From German Government, Here's How

Shiba Inu Whales Accumulate as Retail Investors Panic Sell

Upbit Revealed Jupiter's New Trading Support; Here are The Details

Bittensor Halts Network After $8 Million Theft Due to Private Key Leak

Book of Meme Faces Critical Support Level

Join our free newsletter for daily crypto updates!