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New Whales Withdraw Large Amounts of BTC and ETH from Centralized Exchanges
Gate News bot message, fresh blockchain data reveals significant cryptocurrency movements from centralized exchanges. A new wallet identified as bc1q7l executed a withdrawal of 584.72 BTC (valued at $63.91 million) approximately 13 hours ago.
In a separate transaction, another new wallet address 0x25Fa transferred 3,884 ETH (equivalent to $15.57 million) from centralized exchanges around 5 hours ago.
Today let's talk about BTC and ETH together. Here the 4-hour long positions volume has come out, but the price hasn't gone up. From the perspective of Trading Volume, the big funds haven't made any significant moves, and from the K-line pattern, there are no obvious top and bottom formations. Fren who are going long in the short-term need to pay attention. Although ETH's price has broken out of the trading range, its resistance level is actually at 4070, not 4000, which was mentioned yesterday. It is estimated that Sunday will also be spent in fluctuation.
From a larger perspective, the fall is far from over. I've been emphasizing in previous articles that ETH is likely to break 3500, and BTC is likely to break 10, going down to near 9.5. Those with high-position short orders should continue to hold.
Then everyone take a look at the weekly level. Since 2021, after BTC's weekly death cross, the trend speaks for itself. I want to emphasize that I am neither bullish traders nor bearish traders. I only see buy points and sell points. Also, I do not do short-term trading. Learn to wait; the trend will eventually be perfect.