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Bitcoin slips under $50K amid warning 'new player' Binance whale is pressuring BTC price
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Bitcoin (BTC) lost $50,000 for the first time in several days on Dec. 26 as exchange inflows caught up with the cautiously optimistic mood.
Data from Cointelegraph Markets Pro and TradingView showed volatility hitting BTC/USD overnight on Saturday.
The pair had reached $51,500 before starting to retrace, this culminating in a dip to $49,644. At the time of writing, Bitcoin was back circling $50,000.
The move came in tandem with a rise in inflows to major exchange Binance, with order book data showing a new wall of resistance being built at $50,000.
The behavior points to a large-volume investor shaping market bias, and Binance was already the source of suspicion over such activity in recent days.
"This looks like a new player," data analysis
Read more on cointelegraph.comAbout this in other media
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