Bitcoin Whale Accumulates $87M Worth of BTC from Galaxy Digital

A significant Bitcoin whale has been spotted accumulating large quantities of BTC over the past 24 hours. The whale in question has collected 1,345.55 BTC valued at $87.36 million, with a substantial portion of this amount sourced directly from Galaxy Digital.

This development is noteworthy as it highlights the ongoing activity of large investors in the Bitcoin market. According to the analysis provided, the price action on the 4h chart shows BTC trading at $64,969.04 within a bullish structure, with the EMA50 and EMA200 acting as layered support.

The momentum indicators are also pointing towards an upward trend, with the MACD golden cross reinforcing the bullish sentiment. However, it's worth noting that the RSI is currently at 61.17, leaving room for a potential pullback to the 50-EMA before reaching overbought conditions.