According to IntoTheBlock, the net value of $BTC deposits to exchanges exceeded $770 million yesterday, indicating significant market panic as Bitcoin prices fell below $80k. This movement suggests a potential increase in selling pressure or a shift towards more liquid positions among investors.

According to IntoTheBlock, $1.3 billion worth of Bitcoin was deposited to exchanges, indicating heightened market anxiety as traders sought to reduce their positions. This significant influx suggests a bearish sentiment, potentially leading to increased selling pressure and price volatility in the short term. Such movements are critical for traders to monitor, as they may influence entry and exit strategies in the cryptocurrency market.

According to Ai 姨 (@ai_9684xtpa), in the past 4 hours, two significant Ethereum whales have deposited a total of 5,800 ETH, worth approximately $15.73 million, to exchanges. Address 0xc8D...Be2CD has sold 3,100 ETH which were originally purchased in April 2023 at an average price of $1,890, potentially realizing a profit of $2.546 million. Furthermore, address 0x41A...F7277 has sold ETH acquired at a previous high of $3,499, indicating possible profit-taking. (Source: Ai 姨 @ai_9684xtpa)