Amid Bitcoin's price struggles to maintain dominance above $57,000, the overall weakness in the crypto market is becoming evident. Bitcoin's price saw an intraday drop of 1.47%, settling at $57,103.
Despite these bearish signals, crypto whales are taking advantage of the dip to accumulate altcoins they perceive as hidden gems, capitalizing on lower prices during the bear market.
This behavior indicates a strategic approach by larger investors to diversify their portfolios and invest in potential future performers amidst current market conditions.
