Bitcoin Continues To Struggle: Analytics Firm Reveals What Whales Are Doing
Summary
Bitcoin's price briefly fell below $60,000, causing market panic. Whales, holding at least 1,000 BTC, influence the network. Large Holders, owning 0.1%+ of circulating supply, have been accumulating BTC, with no significant selling. Whales have bought 16,300 BTC ($1.04 billion) as prices dropped, presenting a neutral to slightly bullish outlook for Bitcoin. Current price: around $63,400, down 10% in the past week.
