Why is Bitcoin price struggling to recover despite rising whale buying?
BTC when published $80,568Now $80,577 ▲ +0.01% since it was published
Bitcoin price has recovered toward $80,600 on October 25 after falling below $80,000 during a weekend sell-off that triggered substantial liquidations across cryptocurrency markets. Bitcoin price recovered toward $80,600 on October 25 after briefly falling below $80,000. U.S. spot Bitcoin ETFs recorded substantial withdrawals on October 22 and 23. CoinGlass data showed $546.88 million in cryptocurrency liquidations during a subsequent 24-hour period. CryptoQuant analyst CW8900 reported improving whale holdings despite recent market weakness. Bitcoin price faces support around $80,000, while $82,368 and $84,725 remain important resistance levels. According to crypto.news market data, BTC traded around $80,620, with approximately $20 billion in daily volume. The cryptocurrency briefly reached the $79,200 region before recovering, although buyers have struggled to regain the levels lost during the past several sessions.
First reported by crypto.news. This page is a short excerpt; the full text is theirs.
