✍️ TL;DR: Bitcoin whales showing life, accumulation helps lift price back above $60K.
📊 Metrics used: $100K+ & $1M+ Whale Transactions
🐳 Bitcoin has reclaimed $60K after briefly dipping below the key psychological level, and whales wasted little time stepping in. The network just recorded its second-largest whale activity spike in the past two months, with 6,920 transactions over $100K and 1,438 over $1M. Historically, this kind of activity often shows up when big players see opportunity while the crowd is fearful.
📈 Whale spikes don’t guarantee an immediate bounce, but they’re always worth watching after a sharp selloff. If large holders are accumulating while retail remains cautious, it could be a sign that confidence behind the scenes is much stronger than the recent price action suggests.