$BTC HOLDS $60K AS WHALES ACCUMULATE 🔥
Bitcoin is reclaiming the psychological $60K level after a technical bounce from the $59K support zone. This recovery is primarily driven by short covering, as sellers failed to break lower. On-chain data shows whales continuing to accumulate, while exchange supply decreases.
Adding to the bullish narrative, Spot Bitcoin ETFs recorded positive inflows today, suggesting institutional selling pressure is easing. However, liquidity remains thin ahead of US economic data this week.
Are you treating this as a bull flag or a dead cat bounce?
Not financial advice. Always manage your risk.
#BTC #Accumulation #SupportHeld #Whales #CryptoAnalysis 🔥