Bitcoin enthusiasts, rejoice! 🥳 Despite market turbulence, Bitcoin is showing signs of resilience. April's rollercoaster ride saw BTC dip to $74,500 amid tariff turmoil, but the crypto giant is bouncing back, albeit still 7% down for the week.
Whales are on the prowl! 🐋 Recent analysis reveals that large entities are quietly accumulating Bitcoin, with holdings skyrocketing from 800,000 BTC to over 3 million BTC. This strategic buying hints at future supply shocks, as these giants are unlikely to sell anytime soon.
The $69,000 level has emerged as a strong support zone, with over 1.22 million addresses snapping up 464,000 BTC. This indicates robust demand and investor confidence, potentially setting the stage for future price stability. 🚀