Bitcoin: Are the bulls back on track after BTC price crash | Crypto Portal

Bitcoin: Are the bulls back on track after BTC price crash

Bitcoin transitions are skyrocketing
The year 2024 began on a good note, but just after a few days, BTC witnessed a price correction, pushing its price down to $42,200.

The 16,900 large transactions serve as a proxy for BTC whale activity, offering insights into how these major players might be positioned in the crypto market.

Is a fresh bull rally around the corner?
While the whales seemed to have accumulated BTC, AMBCrypto checked otter metrics to find out how retail investors were doing. As per our analysis of CryptoQuant’s data, BTC’s net deposit on exchanges was low compared to the last seven-day average.