Bitcoin whales have purchased over $1 billion worth of BTC in the past five days, indicating their confidence in the cryptocurrency. Despite this accumulation, Bitcoin’s price has only experienced marginal movement in the last 24 hours. The cryptocurrency is currently being traded at $34,096.52 with a market capitalization of over $665 billion. Additionally, BTC’s exchange reserve has been increasing, suggesting selling pressure. BTC’s Altrank, a bearish metric, has also increased by 31 over the past week. However, BTC’s Taker Buy-Sell ratio and Funding Rate in the futures market remain positive, indicating continued investment even as price growth slows.
AI Sentiment: Neutral
