đWhales return to buy Bitcoin #bitcoin from the decline, but the rise has not yet come.
â IntoTheBlock platform data showed that large wallets on the Bitcoin network witnessed large net financial flows in the recent period, as large investors, who own 0.1% or more of the total circulating supply of Bitcoin, purchased 7,130 Bitcoin (#BTCâ ) during the recent decline period. With a value of approximately $439 million.
âȘ In addition, Lucas, Head of Research at IntoTheBlock, pointed out another potentially positive development, which is the large inflows of the #USDC stablecoin to trading platforms, which indicates the possibility of investors converting this coin into other cryptocurrencies, such as BTC.
Technically, yesterday's rise was expected after the price of Bitcoin (BTC) did not reach the strong support area around $60,500.
đŽAlthough it fell below it in the tail of a long candle and reached $58,400, it rebounded immediately after it touched the ascending trend line. As shown on the daily chart.
