Bitcoin Whale wallet address “bc1qg” bought a significant 545 BTC worth $30.82 million as the price fell notably.
If BTC’s price falls below the $56,500 level, there is a high possibility it could fall to $54,000 or $52,000 levels.
Recently, the on-chain analytic firm Santiment shared a post on X, noting that whales and sharks holding between 10 to 10K BTC have accumulated 133.3K BTC from small traders who have been dumping in panic over the past month.According to the expert technical analysis, Bitcoin appears bearish as it broke down a strong consolidation near the crucial support of $57,000.
Conversely, if the sentiments shift and the price rises to the $58,450 level, approximately $1.32 billion worth of short positions will be liquidated.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin whale bags BTC worth $31 million – Are the bulls back?A newly created wallet withdrew 533.5 Bitcoin worth $31 million from Binance, the world’s biggest crypto exchange at the 58,188 level.
Read more »
Beached fin whale dies in L.A. amid ‘unusual’ number of whale deaths in U.S.A U.S. fisheries agency is investigating a number of 'unusual mortality events' affecting large whale species.
Read more »
Bitcoin crosses $60K as whales pile on – Will BTC reach $70K again?Bitcoin breaks the $60,000 barrier, with whale addresses intensifying their accumulation, signaling rising market confidence.
Read more »
Bitcoin’s latest phenomenon – How it impacts ETFs and BTC’s priceA new phenomenon during the U.S. market open has had huge impact on Bitcoin's price and ETFs, but market catalysts indicate potential surge.
Read more »
How BlackRock’s Bitcoin ETF surged amid a BTC price dropDespite a general downturn in the cryptocurrency market, the BlackRock Bitcoin ETF saw record trading volumes.
Read more »
Bitcoin closes above a key level: Is now the time to grab BTC?Bitcoin price action consistently demonstrates its potential to reach new highs after institutions massively adopted BTC.
Read more »