CoinEx Daily: Major Bitcoin Whale Sells Large Holdings as Crypto Market Cap Falls Sharply

Daily View

Bitcoin faces strong selling pressure as a notable whale sold 4,000 BTC and bought 96,859 ETH in the last 12 hours, reflecting growing caution in the market. The overall cryptocurrency market capitalization fell to $3.825 trillion with a 1.5% drop in 24 hours, intensifying the bearish sentiment. Analysts warn of potential further liquidations if Bitcoin falls below $107,000, adding to downside risk.