Bitcoin Sell-Off Fears Rise as BlackRock and Winklevoss Twins Move 7,000 BTC

BTC

BTC/USDT

$84,949.99

+1.25%

$84,949.99

+1.25%

(24s)

24h Volume

$6,614,441,763.58

24h H/L

$85,117.64 / $83,838.00

Change: $1,279.64 (1.53%)

Long/Short

56.6%

Long: 56.6%Short: 43.4%

Funding Rate

+0.0039%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,990.65

▲ 0.66%

Volume (24h): -

Resistance Levels

Resistance 3$99,648.20

Resistance 2$95,445.64

Resistance 1$85,948.22

Price$84,990.65

Support 1$84,084.30

Support 2$81,466.08

Support 3$78,686.85

Pivot (PP):$84,234.89

Trend:Uptrend

RSI (14):66.3

BeInCrypto Editorial

(02:53 PM UTC)

1 min read

Approved bySarah Chen

0 comments

BlackRock and the Winklevoss twins moved more than 7,000 BTC into exchange wallets within hours on June 2. The large Bitcoin (BTC) transfers fueled speculation about institutional selling.

Blockchain analytics firm Arkham flagged both moves. They landed as spot Bitcoin exchange-traded funds extended a long run of net outflows and prices fell sharply.