Bitcoin Whales Pump $3B Worth of BTC Amid Market Uncertainty
Bitcoin's price surge from under $65,000 to over $81,000 within a week has brought about a shift in market sentiment. Initially, analysts were calling for an end to the bear phase due to this rally, but its failure to break through the $81,000 resistance and two subsequent rejections have raised doubts.
The Federal Reserve's hawkish stance on Friday further added to the uncertainty from both technical and macro perspectives. However, there is some positive news as Bitcoin whales have returned in full force, buying a massive $3 billion worth of BTC.