Bitcoin risks drop toward $100K as ‘insider’ whale moves BTC to exchanges

A mysterious whale moved $588 million in Bitcoin to exchanges, sparking fresh fears of a deeper BTC price drop that could test $100,000 support

Key takeaways:

Bitcoin risks testing $100,000 after breaking a key support level of a bear flag.

The so-called “insider” whale moved 5,252 BTC ($588 million) to exchanges and opened a new $234 million short.

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