Bitcoin Rebound Outlook: US Whales' Buying Power Strengthens

IconCryptoNewsTerminal Staff14 Jul, 2024

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Bitcoin Rebound Outlook: US Whales' Buying Power Strengthens

Bitcoin exhibited a rebounding trend over the weekend, with the potential for further gains this week as funds flow into the BTC spot ETF. On-chain analyst Crypto Dan highlights the strengthening buying power of US whale addresses, as indicated by the BTC Coinbase premium. Psychologically, this favorable buying sentiment coincides with market participants overcoming a period of fear and frustration. Overall, the conditions are ripe for a sustained Bitcoin rebound.