Over the past week, Bitcoin recorded a 4% increase. Still, bearish sentiment crept back into the market following a significant 4% drop over the past 24 hours, likely influenced by whale activity. Whale Alerts reported a massive transfer of 8,000 BTC (valued at $567 million) from an unknown wallet to Coinbase. Typically, such movements can spark concerns about sell-offs, but on-chain analysis from Lookonchain suggested a different scenario. A whale appeared to buy the dip, acquiring 550
BTC
worth $38.68 million.
Is Bitcoin on the Verge of Breaking Resistance or Slipping Further
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