Bitcoin dropped to $93,500 yesterday before returning to the current level. Over the past two weeks, BTC has remained below the $100,000 mark, with technical indicators reflecting the ongoing battle between buyers and sellers. Despite recovery efforts, the cryptocurrency remains in a sideways trend, facing strong resistance levels preventing a breakthrough.
The number of Bitcoin whales has experienced a slight increase, indicating accumulation. However, the number is still much lower than the peak observed in December and January. Whether BTC will regain upward momentum or continue to face selling pressure will depend on how it reacts to key support and resistance levels in the coming days.
Currently, the number of Bitcoin whale addresses—wallets holding more than 1,000 BTC—has increased to 2,051, up from 2,037 ten days ago. Tracking these large holders is crucial, as their accumulation or distribution often signals potential market sentiment shifts.
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Bitcoin dropped to $93,500 yesterday before returning to the current level. Over the past two weeks, BTC has remained below the $100,000 mark, with technical indicators reflecting the ongoing battle between buyers and sellers. Despite recovery efforts, the cryptocurrency remains in a sideways trend, facing strong resistance levels preventing a breakthrough.
The number of Bitcoin whales has experienced a slight increase, indicating accumulation. However, the number is still much lower than the peak observed in December and January. Whether BTC will regain upward momentum or continue to face selling pressure will depend on how it reacts to key support and resistance levels in the coming days.
Currently, the number of Bitcoin whale addresses—wallets holding more than 1,000 BTC—has increased to 2,051, up from 2,037 ten days ago. Tracking these large holders is crucial, as their accumulation or distribution often signals potential market sentiment shifts.