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Bitcoin Sinks Toward $80,000 After Hot CPI. Will Whales Keep What They Added?
Published Source: BeInCryptoRead original
Crypto Insight Summary: A hotter-than-expected US inflation report knocked Bitcoin (BTC) down 3.3% in 24 hours to $80,979. The drop pushed the price under what US spot exchange-traded funds (ETFs) paid, on average, for their coins. Whales had spent the weeks before the report building their balances to levels not seen in nearly a year. With prices now Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: CPI data triggered short-term sell-off, but whale accumulation may provide support.