According to Material Indicators, on February 28th, a significant amount of Bitcoin (BTC) and Tether (USDT) worth $54 million was transferred by whales on the Binance exchange. These funds were shifted from the price range of $36,000 to $38,000 and transformed into a buy wall at $52,000. FireCharts, a graphical representation of market data, reveals that today these whales have moved more than half of this buy wall, equivalent to $27 million, and converted it into a bid ladder that progressively rises from $60,000 to $65,000.
Bitcoin Bulls Surge as $67K Reemerges, Dismissing a 15% Price Plummet
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