Bitcoin surpassed the $79,000 level, extending its five-day rally to more than 30%. Jump Crypto sold 1.14K BTC worth $89 million, while a mysterious whale sold an additional 2,700 BTC worth $211.8 million, creating combined selling pressure exceeding $300 million. This activity triggered long liquidations surpassing $647 million, pulling Bitcoin back to $77,000. Technical indicators, including an RSI at 80 and the loss of the 9 and 26-hour moving averages, suggest a short-term correction could be looming.
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