๐ Bitcoin Whale's $395M Buy Signals Market Confidence ๐
A crypto whale just made a huge splash, buying $395 million worth of Bitcoin during a market dip. This is their first BTC purchase in 1.5 years. On-chain data from Lookonchain shows the whale snagged 6,070 BTC amid the downturn.
Previously, this savvy investor amassed 41,000 BTC at $19K each during the 2022 bear market, then sold 37,000 BTC at $46.8K during the 2023-2024 bull run, netting over $1 billion. Clearly, they know how to time the market.
Crypto analyst VeLLaCryptoX points to $67,400 as a key pivot point for Bitcoin. This level could be crucial for traders if local lows hold. Bitcoin is currently stabilizing near $65,120, with support around $63,835 and resistance at $67,474.
Despite a recent 2.5% dip, Bitcoin's current price of $65,802, along with a daily trading volume of $19.04 billion (per CoinGecko), offers a strategic outlook for traders focusing on key levels and pivot points. ๐
