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Crypto

Whale Sells $576M in Bitcoin, Price Takes Hit Despite Strong Weekly Gains

Guavy AI Editorial Team
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BTC
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Bitcoin's price took a hit after a large whale sold 7,770 BTC worth $576.6 million over three days.

This significant sale raised concerns about short-term selling pressure, with Bitcoin's price dipping to around $77,321.

However, despite this setback, Bitcoin's weekly gains remain strong, indicating ongoing investor confidence.

Analysts are divided on what comes next for the cryptocurrency. Some predict a correction toward $69,000-$70,000 before a potential rally above $80,000, while others remain bullish on Bitcoin's momentum.

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