After the opening of the US stock market last night, BTC plummeted in tandem, and Binance, Coinbase, and OKX, the three major platforms, staged a "selling storm", hitting $205 million, $72.93 million, and $70.78 million respectively, with the average price concentrated in the range of $85000-88000.
This main action sends two major signals:
One is to create panic by taking advantage of the volatility of the US stock market, amplifying selling pressure and triggering a trend following trend;
The second is to ship in stages on different platforms, with Binance selling at a high price to lock in profits, and Coinbase selling at a low price to accelerate its breakout, exacerbating market volatility.
Editor's note: BTC is under significant short-term pressure, and it is necessary to judge the situation of stopping the decline based on the acceptance of buying forces. Currently, the key support is at $83000.
The data is sourced from the PRO "Large Transaction" indicator, which can track the real-time trading situation of the main market price. It is for reference only and does not constitute any investment advice!
