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Over 550,000 BTC moved to Binance and OKX during Bitcoin's $60K retest, signaling potential selling pressure.

Market News
29 Jun 2026
Crypto news
View Source
Neutral
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More than 550,000 BTC were transferred to deposit addresses linked to Binance and OKX as Bitcoin retested the $60,000 price level. This spike in transfers, the largest since the 2023 bear market, suggests increased investor caution and potential selling pressure, though it does not confirm actual sales. Bitcoin has been trading sideways near $60,000 since February, making this level a key technical and psychological point. If these BTC deposits move into exchange wallets and lead to sell orders, market pressure could rise; otherwise, the transfers may just signal stress without a full selloff.

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