BTC Spot Large Holders Frenziedly Sold $132 Million, This Chip Pressure is Crucial!

According to statistics on large orders, this morning after BTC broke $69,900, large spot holders on platforms like Coinbase and Binance continued to liquidate their holdings.

A total of $132 million has been sold, with an average selling price of $70,235.09. Among these, Coinbase executed a rare large order amounting to $11.28 million, while Binance saw large holders sell over $43.9 million at the $70,000 mark.

It is noteworthy that during the liquidation by large spot holders, the number of OXKBTC long and short positions has consistently decreased, indicating that the main players still maintain a bullish outlook. Currently, BTC is holding above the EMA24 average in the short term, with a key focus on chip peak pressure at $71,245, and short-term chip support below at $69,810. Recent market fluctuations have been significant, so please manage your risk effectively.