Bitcoin’s Price Surge: The price of Bitcoin soared to 102,000 USD, largely driven by whale investors. This surge occurs despite the release of unfavorable data, specifically the PPI report, reflecting the resilience and strong conviction of investors in the cryptocurrency market.
Whales Influence the Market: Whale investors play a critical role in the upward Movement of Bitcoin prices. Their accumulation strategies impact supply dynamics significantly, demonstrating a prevailing bullish sentiment among investors despite fluctuating economic indicators.