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Image Credit: Bitcoinik

Bitcoin Bounces Back From $74K Dip as Whale Activity Surges

  • Bitcoin has rebounded from its current low as on-chain data indicates the Whale Transaction Count has experienced a jump on the network.
  • Whale Transaction Count monitors the number of Bitcoin transfers worth more than $1 million, indicating the activity of big investors in the market.
  • The recent surge in Whale activity suggests that these investors are becoming more interested in Bitcoin, supporting the price rise.
  • However, the indicator has slowed down today, raising the possibility that whales are finished purchasing and a downturn may occur.

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