Update on $BTC

After a brief retracement to the support line, Bitcoin $BTC has bounced back and is now making gains. The cryptocurrency's price slipped 0.3% over the past 24 hours to trade at $59,261, with 24-hour lows and highs of $58,786.23 and $61,184.08, respectively.

This volatile movement comes as $71.73 million worth of outflows were recorded in Bitcoin ETFs, according to Soso Value data. Meanwhile, Bitcoin's dominance increased by 0.21% over the past day to stand at 56.18%.

Notably, Whale Alert data on X shows significant #BTC☀ whale dumps and accumulations over the past day, fueling speculation about the asset's future price movements.