Bitcoin is experiencing bearish trends, erasing last week's gains. Despite market optimism for a recovery and a break above $69,000, bearish forces dominate. However, Bitcoin whales are showing confidence by massively accumulating BTC during this period.
This accumulation signals that large holders are optimistic about Bitcoin's long-term value, despite current market conditions. Their actions may influence market sentiment and future trends.
The article was originally published on COINOTAG NEWS.