đ¨ Major BTC Sell-Off Alert đ¨
Just uncovered one of the biggest BTC sell-off orders in recent history! This $179.78M Delta shift caught my eye as Bitcoin momentarily dipped below $97K, shaking up the market.
đ The sharp plunge in the Delta points to major liquidation events, likely signaling a whale exit or massive risk-off sentiment among institutional players. đ
After doing a deep dive into the market fundamentals:
⢠đ
November 2024âs market liquidity has been tight, making BTC vulnerable to large swings.
⢠đŚ Macro factors like Fed tightening and global risk factors might be spurring this sell-off.
⢠đ On-chain data shows an increased outflow of BTC from exchanges, signaling large-scale exits from institutional players.
What to expect next?
⢠đŞ Potential price volatility ahead as BTC tries to stabilize after this sharp move.
⢠đ Buy-side orders could step in if the price hits key support levels.
⢠đ Another wave of liquidation might occur if broader risk sentiment worsens.
Time to be cautious but watchful for opportunityâvolatility often breeds quick entries for skilled traders!
#BTC #CryptoWhale #MarketCrash #SellOff #BTCVolatility