Bitcoin Price Under New Pressure as Whales Move $200M

Bitcoin price is coming under fresh selling pressure, with reports of sizable whale deposits lining up alongside weakening price movement on the daily chart. Market participants are monitoring whether BTC can hold support around $80,000 or whether it will slide into a deeper correction. As of press time, Bitcoin is changing hands at $80,267.41, based on the TradingView chart provided. The daily candle reflects a slight gain of 0.15%, even though the wider chart shows BTC has pulled back from its October highs near $87,000. Also Read: Bitcoin Price Encounters Key $80K Hurdle as Strive Acquires 6,182 BTC Ted Pillows reported on X that two whales deposited $200 million worth of BTC to exchanges in the past 24 hours, adding: “More selling.” Big deposits to exchanges can heighten potential selling…

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