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#BTC
The latest news about Bitcoin. According to Bitpush data, BTC surged to a high of $95,000 this morning, but then started to be under pressure. In the afternoon, long positions tried to make the price rebound, but the price encountered bearish resistance around $94,800, and the price fell below $91,000 at one point.
The trading price of Bitcoin (BTC) is $91,646, which has dropped 2% in the past 24 hours. That's how the market works, there are always ups and downs.
A large number of Whales woke up and dumped 728,000 BTC in a single month
Recently, data from CryptoQuant showed that those who have held BTC for a long time have sold more than 728,000 BTC in the past 30 days, which is nearly $67 billion. This is a big deal, because it is the largest dumping since April, and completely opposite to the situation in October when Large Investors bought a large amount of BTC, with an inflow of nearly 250,000 BTC.
During this large-scale dumping, the cryptocurrency market is rebounding. This is closely related to Trump's election as president and his strong support for the blockchain industry during the campaign. Especially BTC, the price is rising rapidly, almost breaking the $100,000 mark.