“Whereas sellers on the margin seem like derisking, there has additionally been opportunistic shopping for between $60,000-62,000 ranges,” Coinbase Institutional analysis analyst David Han mentioned in a Friday report. “We expect this directional uncertainty speaks to our thesis of bitcoin’s divergent roles each as a danger and a protected haven asset,” he added.
Bitcoin Whales Purchased the Dip, Stashing $1.2B of BTC Forward of Halving
