Hupzy (Spot On Chain)|Sep 19, 2026 06:47
A Matrixport-linked whale just deposited another ๐ญ,๐ฌ๐ฌ๐ฌ ๐๐ง๐ ($81.06M) to Binance in what's shaping up as a recurring sell pattern โ the same wallet has been feeding BTC to the exchange in repeated tranches.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Recurring exchange deposits from an institutional-linked wallet are sustained sell pressure, not a one-off rebalance. $81M flowing into Binance in a pattern means there's likely more where that came from. This is structural overhead โ every tranche is potential spot selling that has to be absorbed by buy-side demand.
BTC is holding above key support after the recent squeeze above $81K. If this wallet keeps feeding Binance, watch for the bid to thin โ large recurring deposits often precede sustained spot selling that caps rallies.
Arkham: https://arkm.com/explorer/address/bc1qszp0kxgzhm4cmpd03ugerp8lw6syrgvklgjr2g
source: lookonchain
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