Tether transferred 200 BTC ($20.88 million) to Binance, which could lead to short-term market volatility and selling pressure in BTC/USDT trading pairs. Historically, large Bitcoin deposits have signaled potential price corrections and necessitate close monitoring of support levels.
On June 8, 2025, Tether transferred 200 BTC (approximately $20.88 million) to Binance, potentially triggering short-term market volatility and selling pressure in the BTC/USDT trading pairs. Historically, large Bitcoin deposits have signaled potential price corrections, necessitating close monitoring of support levels.
The transfer of 200 BTC by Tether to Binance could indicate a strategic move aimed at stabilizing the market or taking advantage of current conditions. Given Tether's role as a stablecoin, such transactions can influence market sentiment and liquidity.
Analysts have warned that a significant deposit of Bitcoin could lead to a price correction, especially if it coincides with other bearish signals. For instance, a bearish RSI divergence similar to 2021 suggests a potential 50%+ correction toward $64,000, challenging the $150,000 year-end target [1]. Peter Brandt, a veteran trader, has also cautioned that Bitcoin must reclaim its parabolic trendline to stay on track for a $125,000–$150,000 cycle top by August or September 2025, or risk ending the current bull cycle [1].
Furthermore, a recent market expert prediction suggests that Bitcoin is setting up for a potential price surge, with the first target at $130,000, translating into a 25% gain from current market levels [2]. This prediction is based on several technical indicators, including a golden cross and a breakout above a long-standing downward trendline.
Given the current market conditions and historical data, investors should closely monitor Bitcoin's price movements following the Tether transfer. While the transfer could signal a bullish move, it is essential to consider the potential for short-term volatility and selling pressure. Institutions and retail investors alike should remain vigilant and adjust their strategies accordingly.
References:
[1] https://cointelegraph.com/news/is-bitcoin-price-rally-to-150k-possible-by-year-end
[2] https://cryptorank.io/news/feed/b795b-bitcoin-historical-data-points-to-imminent-62-price-surge-analyst
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