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The crypto market has seen extreme turbulence this week! Bitcoin initially soared toward the $100,000 mark after the Bybit hack but quickly pulled back. However, BTC staged a strong rebound, recovering $7,000 from its $78,000 low and now stabilizing around $85,000.
Altcoins are also seeing impressive gains! Ethereum surged 5% past $2,200, while BNB climbed 4%, approaching $600. Ripple defended the critical $2 level and jumped to $2.17 with an 8% rally. SOL, DOGE, ADA, and other major altcoins are also in the green! 🎉
How do you see the market shaping up? Let’s talk in the comments! 💬
A whale just sold 96,155 $SOL, cashing out $4.5 million. The problem? They bought at an average of $100 a year ago and missed the chance to sell at $250 not long ago. Even big players are starting to panic and sell near the lows.
Are we heading even lower? I don’t think so. As mentioned earlier, we’re approaching a major support zone around $87K for BTC. Sure, a drop to $71K is possible—especially with Trump seemingly doing everything to shake the markets—but there’s still hope. Despite some large players selling, most whales and institutions continue accumulating.
Just today, they scooped up 8K BTC, 40.6K ETH, and made plenty of smaller altcoin buys.