Crypto
Whale Buying Fails to Push Bitcoin Above $65,500 Resistance
Bitcoin's price continues to hover below the $65,500 resistance level as market conditions turn bearish. The token struggled to break through this barrier despite a strong recovery from the lows around $57,650.
The current price is trading at $63,450 after experiencing a drop of nearly 2.76%, with trading volume increasing by 23.85%.
Despite this decline, whale wallets have been accumulating an enormous amount of BTC over the past few days. On-chain data from Santiment shows that wallets holding between 10 BTC and 10,000 BTC added 19,696 BTC in just eight days.