$BTC.D is breaking down.
While this brings some relief for altcoins, I think it's setting up to be a huge trap again.
Most altcoins will bleed to zero.
Is this whale about to dump $103M worth of Bitcoin?
Whale Alert has reported a major transfer of some 1,393 $BTC worth around $102.54M to the @OKX exchange.
As Bitcoin and majors remain suppressed, we've seen an increased trend in large scale $BTC transfers to exchanges.
Is sentiment changing for the worse?!