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Bitcoin bounced back above $62.5K after traders’ Shorts were liquidated and now have turned back to Longs.
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Bitcoin whales purchased 47,500 BTC valued at almost $2.8 Billion in 24 hours, showing increased confidence among investors.
The recent downturn in the cryptocurrency market is shifting direction, with significant Bitcoin accumulation by whales at lower prices. The market saw a rebound, particularly on Friday, with Bitcoin leading the charge and climbing nearly 5%.
The Bitcoin price surged over $62,000 during morning trading in the U.S. session. This uptick came after the release of the U.S. April jobs report, which was more subdued than anticipated, alleviating fears of imminent interest rate hikes. This surge in Bitcoin’s price has positively influenced investor sentiment.
Let’s look into a more detailed way of how the trajectory of BTC may change following the recent change in market sentiments.
BTC Shorts Have Liquidated
We współpracy z: https://www.thecoinrepublic.com/2024/05/04/bitcoin-rallies-after-whales-accumulate-47-5k-btc-at-low/
