๐ Bitcoin soars above $28,000, sparking cautious optimism among traders as supply on exchanges hits a 6-year low and whale activity surges. Santiment's latest report highlights the bullish behavior of BTC whales and sharks, fueling the market's upward trajectory. ๐
However, caution is advised as shorts could resurface, adding volatility to the market. Trading volume and on-chain transaction volume should be closely monitored, as well as the impact of the Federal Reserve's interest rate decisions on the crypto market. ๐ง
What do you think? Will "Uptober" continue, or should we brace for a potential downturn? Share your thoughts in the comments! ๐ฌ