Bitcoin Whales Bought the Dip – Now They’re Doubling Down on the Rally

• Bitcoin briefly reached $87,000 before stabilizing around $84,000, with whale wallets accumulating 113,950 BTC since mid-July, indicating strong interest from large holders.
• The cryptocurrency has surpassed its 365-day moving average, suggesting a potential positive long-term trend, while the next resistance levels are between $88,000 and $90,000.
• Recent price movements are partly attributed to a short squeeze, with significant inflows into US spot Bitcoin ETFs, indicating that new capital is entering through traditional markets rather than direct crypto investments.

https://cryptopotato.com/bitcoin-whales-bought-the-dip-now-theyre-doubling-down-on-the-rally/