Bitcoin whales refuse to sell while BTC price ditches 70K euphoria

1. Bitcoin price surges as whales refuse to sell: The article discusses how despite the price of Bitcoin reaching $70,000,large holders,known as whales,are holding onto their BTC rather than selling,leading to a supply shortage and driving the price higher. This phenomenon has contributed to the recent surge in Bitcoin's price.

2. Euphoria in the market: The article highlights the euphoria in the market as Bitcoin reached the $70,000 mark. Investors and traders are excited about the bullish trend,with optimism and high expectations surrounding the cryptocurrency. The sentiment of euphoria could further drive the price of Bitcoin.

3. Market dynamics and price movement: The article delves into the market dynamics that have contributed to the recent price movement of Bitcoin. Factors such as supply scarcity due to whales holding onto their BTC,increasing demand from institutional investors,and overall market sentiment have all played a role in pushing the price to new highs. Traders and analysts are closely monitoring these dynamics to predict future price movements.



source https://titdoi.com/news/Bitcoin-whales-refuse-to-sell-while-BTC-price-ditches-70K-euphoria

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