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Bitcoin Shows Signs of a Bottom.
Bitcoin's price fell from $72K to $66.1K, an 8.3% drop, due to pre-CPI data unpredictability, Bitcoin ETF withdrawals, whale distribution, and miners' surrender. Despite forming a bearish reversal pattern, Bitcoin hasn't closed below $66K since May 17, suggesting the decline might be temporary.


Joe G, +1
Michael J. SaylorMichael J. Saylor
+1+1

Bitcoin Whales and Market Dynamics
Bitcoin whales, or large BTC holders, are actively buying more Bitcoin, showing a fear of missing out (FOMO) as the price nears $67,000. These investors, owning between 1,000 and 10,000 BTC, have increased their holdings by 266,000 BTC since early 2024, now owning 1.24% of all Bitcoin.


Joe G, +1