"$42 million market crash storm hits, Binance spot market severely impacted"

Bitcoin recently fell below the $96,000 mark. According to monitoring of large transaction indicators, between 14:00 and 16:40, Binance's BTC spot market experienced a massive sell-off. During this period, large holders sold off approximately $42 million at market price, with a net sell of about $30.7 million, putting pressure on market sentiment. However, the market did not decline comprehensively; some bulls began to push back, and the main capital on Binance also engaged in bottom-fishing operations at low levels.

Notably, an ultra-large holder executed a massive buy order of $11.247 million near the $96,500 mark, showing confidence in Bitcoin. However, the sell-off phenomenon has not completely ended; the current key support level is in the $95,500 to $95,000 range, with further support below at $94,300. The resistance level above is concentrated at $99,180, and breaking through this point may initiate a new round of increases.

The Bitcoin market is turbulent, but opportunities and challenges coexist. Investors need to closely monitor these key technical levels and accurately grasp market trends. If you don't want to miss more real-time analyses and market insights, be sure to follow Mr. Qiu's updates to stay on top of the latest market pulses! $XRP $BNB $SOL #币安Alpha第7批项目公布 #BTC上攻11万？ #2025有哪些关键叙事？ #“圣诞老人行情”再现