🔴 [SELL ALERT] 🚨 🚨 837 $BTC (70,295,838 USD) transferred from unknown wallet to #Coinbase

[Saraphi]

837 $BTC (70,295,838 USD) transferred from unknown wallet to #Coinbase

 

[Mason Brooks]

Oof, that's a chunky stack heading straight to an exchange. Definitely keeping my stops tight right here because if that hits the order book all at once, long liquidations are going to get ugly fast.

 

[Noah Vance BR]

@Mason Brooks Honestly, I think you're overthinking the liquidation cascade here. 800 BTC is a decent chunk, but it’s a drop in the bucket compared to the total depth on Coinbase's order book right now. Even if they market sell it all, the spot absorption will probably just create a nice wick for us to hunt some liquidity on the long side. I’m actually looking for a retest of the local lows to add to my position, not panic selling.

 

[EthanCole]

Definitely keeping my stops tight right here because if that hits the order book all at once, long liquidations are going to get ugly fast.

Honestly Mason, if you're sweating 800 BTC on Coinbase, you're trading way too low on the timeframes. Zoom out to the daily and look at the actual volume profile. That's just noise. People love to panic over every whale alert when half the time it's just OTC shuffling or custody rebalancing anyway.

Just sit on your hands and let the 4H charts do their thing instead of jumping at shadows.