$BTC Update: Whales are Driving the Drop
Bitcoin is down -3.10% currently trading at $62,062 While the 15-minute chart shows a minor bounce off its recent low ($61,544), the underlying order book data reveals heavy selling pressure from large players.
Here’s the 24-hour money flow breakdown:
Whale Outflow: Large wallets dumped a net -3,385 $BTC accounting for over 40% of the day’s total sell volume.
Market-Wide Selling: Medium (-1,006 BTC) and retail (-315 $BTC ) sizes also flipped negative, leading to a total net market outflow of -4,706 BTC
Trend Status: BTC is trading below its MA99 ceiling (~$62,889), keeping short-term momentum firmly in the hands of the bears.
The Takeaway: This isn't just retail panic—institutions and big players are actively de-risking and taking profits. Watch the $61,500 support level closely; if it breaks, a test of the psychological $60k floor could be next. Protect your capital!
Bitcoin is down -3.10% currently trading at $62,062 While the 15-minute chart shows a minor bounce off its recent low ($61,544), the underlying order book data reveals heavy selling pressure from large players.
Here’s the 24-hour money flow breakdown:
Whale Outflow: Large wallets dumped a net -3,385 $BTC accounting for over 40% of the day’s total sell volume.
Market-Wide Selling: Medium (-1,006 BTC) and retail (-315 $BTC ) sizes also flipped negative, leading to a total net market outflow of -4,706 BTC
Trend Status: BTC is trading below its MA99 ceiling (~$62,889), keeping short-term momentum firmly in the hands of the bears.
The Takeaway: This isn't just retail panic—institutions and big players are actively de-risking and taking profits. Watch the $61,500 support level closely; if it breaks, a test of the psychological $60k floor could be next. Protect your capital!