📉 CRYPTO MARKET UPDATE — OCTOBER 7
The crypto market is pulling back today, but something interesting is happening underneath the surface. 👀
$BTC is around $81K, down roughly 1.7% today, while $ETH is down more than 3%.
But large holders appear to be accumulating.
🐋 Around 14,335 BTC has reportedly moved into large-holder wallets since October 1, while roughly 40,000 BTC has moved out of Binance over the past two weeks.
At the same time, expectations of an October Fed rate hike have fallen significantly.
So today's question isn't simply:
“Why is crypto falling?”
The bigger question is:
👉 Are whales using this weakness to accumulate before the next move?
BTC is still struggling to break the $87K resistance area, so confirmation matters.
I'm watching the next few days closely.
Would you buy this dip, or wait for BTC to reclaim $87K first?
#bitcoin #BTC #Crypto #Ethereum #Altcoins #CryptoMarket
#BinanceSquare
The crypto market is pulling back today, but something interesting is happening underneath the surface. 👀
$BTC is around $81K, down roughly 1.7% today, while $ETH is down more than 3%.
But large holders appear to be accumulating.
🐋 Around 14,335 BTC has reportedly moved into large-holder wallets since October 1, while roughly 40,000 BTC has moved out of Binance over the past two weeks.
At the same time, expectations of an October Fed rate hike have fallen significantly.
So today's question isn't simply:
“Why is crypto falling?”
The bigger question is:
👉 Are whales using this weakness to accumulate before the next move?
BTC is still struggling to break the $87K resistance area, so confirmation matters.
I'm watching the next few days closely.
Would you buy this dip, or wait for BTC to reclaim $87K first?
#bitcoin #BTC #Crypto #Ethereum #Altcoins #CryptoMarket
#BinanceSquare