Bitcoin returns to $77,500, but whales prepare to sell
- —Bitcoin rose from $76,200 to $77,500 after the Fed decision
- —Whales deposited BTC to exchanges the day after the Fed meeting
- —DXY is rising ahead of US midterm elections, which historically pressures BTC
- —Analysts allow for a double bottom below $70,000 or a new low in autumn
Why it matters: Whale on-chain signals diverge from the price rebound, raising the risk of a renewed BTC decline.
Source: The Cryptonomist (IT)