BusinessBitcoin Struggles Below $87,000 Amid Whale Accumulation
Bitcoin is consolidating below $87,000 after repeated rejections near this level have limited its recovery. Large holders, or whales, continue to accumulate Bitcoin, while approximately 40,000 BTC has been withdrawn from Binance in the last two weeks. Despite this, factors like cooling ETF flows, high Treasury yields, and monetary policy uncertainty are causing traders to remain cautious.
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