Bitcoin Price Rebound Fueled by US Whale Demand, Analysis Claims

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New analysis suggests US-based whales are driving Bitcoin's (BTC) price rebound to $64,000.
The Coinbase Premium Index, a key indicator of demand on the largest US crypto exchange, shows signs of recovery, bouncing off local lows and reclaiming its 14-day moving average, though still in negative territory.

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New analysis suggests US-based whales are driving Bitcoin's (BTC) price rebound to $64,000. The Coinbase Premium Index, a key indicator of demand on the largest US crypto exchange, shows signs of recovery, bouncing off local lows and reclaiming its 14-day moving average, though still in negative territory.

Read the full article on Cointelegraph

Decentralized finance (DeFi) tokens have shown unusual resilience against Bitcoin's decline in June, with Bitwise suggesting a market re-rating of the sector. Despite a 22% drop in Bitcoin, DeFi tokens tracked by Bitwise fell only 4%. This stability is attributed to institutional adoption, improving token economics, and real institutions building on protocols like Morpho and Jupiter.

Cointelegraph

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Bitcoin Price Rebound Fueled by US Whale Demand, Analysis Claims

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