According to monitoring, 60 minutes ago, a whale deposited another 1,023 BTC (worth $62.2 million) into Bi'an. In the past 24 hours, the whale has deposited a total of 1,723 BTC (worth $106 million) into Bi'an. At the same time, the price of BTC has fallen by about 3% in the past 24 hours.

Subjective analysis by Jiaoshou

The impact of whales depositing large amounts of BTC

Increased selling pressure: When whales deposit large amounts of BTC into exchanges, it usually means that these BTC may be sold, increasing selling pressure in the market. This situation tends to put downward pressure on prices, especially in the short term

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