Movement Labs was revealed to have secretly promised to provide up to 10% of token shares to two consultants

BlockBeats News: On May 16th, according to SEC documents, the Wisconsin State Investment Commission has sold its Bitcoin ETF holdings, in which they had invested $321 million.

The data of large transactions in the past 12 hours shows that the main funds are clearly biased towards selling, with a cumulative net outflow of $12.53 million. In addition, the latest three consecutive large market price sell orders have been intensively traded around $102900, with a total amount exceeding $3 million, indicating an increase in short-term selling pressure. At the same time, the price fell below the EMA24 and EMA52 moving averages, further confirming the downward trend. The current RSI has fallen below the 50 median line and is trending downwards, accompanied by the K-line showing a peak pattern, indicating a weakening of market sentiment and increased downward pressure. Dual verification of main behavior and technical indicators, BTC may continue its downward trend. Open membership to unlock large transaction indicators and capture major abnormal signals in advance! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.

JUST IN: 🇷🇺 Russia's central bank reports Bitcoin as the top-performing investment in 2025.

Binance BNB/USDT is currently trading at $652.37, with a 24-hour decline of 0.13%. Please pay attention to market fluctuations.

OKX - HYPE's current price is $25.79, with a 3.29% increase over 24 hours. 24-hour transaction volume of 200 million US dollars, a decrease of 6.58%, for reference only