Whales Step In During BTC $60K Dip, CryptoQuant Says

According to Woo Minkyu of CryptoQuant, large Bitcoin holders ramped up their purchases during the recent price decline.

As Bitcoin fell into the $60,000–$61,000 range, the Exchange Whale Ratio jumped to 61.6%, showing that whales dominated buying activity and absorbed a significant portion of the selling pressure at those levels.

Consequently, the Bitcoin sell-off was met with aggressive accumulation by major market participants, while prices briefly stabilized near the lower end of the range.

Source: CryptoQuant