Business · Updated 7 Oct, 12:13 pm IST
Bitcoin Consolidates Below $87,000 as Whales Continue Accumulation
Why it matters for readers: If you're curious, this explains why Bitcoin's price isn't running higher despite big holders buying.
- Bitcoin faces resistance near $87,000 and is consolidating below that level.1
- Large holders (whales) continue to accumulate Bitcoin despite the price stalls.1
- Roughly 40,000 BTC left Binance over the past two weeks.1
- Cooling ETF flows, elevated Treasury yields and monetary-policy uncertainty are weighing on trader sentiment.1
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