🐳 Bitcoin whales are taking a breather, causing a dip in the crypto giant's price below $63K. Big transactions (worth $100K+) fell by 42% over two days, pushing the price from $64,685 to $62,531.

📉 BTC futures aren't shining as bright either, with the annualized premium for cash-and-carry trades dropping from 10% to 6%. This means less profit for traders buying BTC in the spot market and selling in futures, adding to the downward pressure on Bitcoin prices.

🔮 Market sentiment is currently neutral, with the Crypto Fear and Greed Index scoring a 51. Analysts suggest Bitcoin might stabilize around $60K, influenced by profit-taking and loss-taking activities among investors.

💰 The Federal Reserve's monetary policy is also playing a part in Bitcoin's dip. Doubts about the Fed's ability to quickly reduce interest rates have made traditional assets more appealing, diverting investment away from Bitcoin.

👀 As Bitcoin navigates this dip, all eyes are on signs of stabilization and potential recovery. The interplay between whale activities, market sentiment, and monetary policy will continue to shape Bitcoin's price movements. Stay tuned! #BitcoinNews #CryptoUpdate 🚀