Bitcoin Price Signals Recovery as Dormant Whale Buys $228M

Bitcoin price remains under pressure amid the latest market downturn, even as a long-dormant whale wallet has reportedly resumed buying BTC. The large-scale accumulation has drawn attention to the confidence of major holders and whether their activity signals a shift in market sentiment. As of press time, Bitcoin price is trading at $75,368.40, a decline of 0.95% over the last 24 hours. The reported accumulation occurs as spot Bitcoin ETFs post significant outflows and technical indicators point to fading momentum. Also Read: Bitcoin Price Prediction: 3 Bearish Signals as ETF Outflows Surge Lookonchain posted on X that a whale that had been inactive for over a year had started buying Bitcoin again, accumulating 3,009 BTC in total, worth approximately $228 million.

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