Insights

📊 Bitcoin Price Falls, But Whales Are Going Wild ! 🐳 *Bitcoin Price Drops to $83,387 📉* Bitcoin's price has fallen to $83,387, mirroring the sell-off on Wall Street. The Dow closed 700 points lower, and the S&P 500 index dropped 112 points. The sell-off is attributed to increasing worries over inflation and the market's response to US President Trump 's newly levied "reciprocal tariffs." 🚨 *Will Bitcoin Price Fall to $65K? 🤔* Veteran trader Peter Brandt predicts that Bitcoin could fall to $65,635, citing the completion of a "bear wedge" pattern. Crypto trader HTL-NL agrees, suggesting that Bitcoin's failure to break the ice of a long-term descending trendline and the confirmation of the bear wedge are proof that BTC is destined to revisit its range lows. 📊 *Whales Are Going Wild! 🐳* Despite the absence of strong spot market demand, crypto trader Cole Garner says that "whales are going wild right now." The Bitfinex spot BTC margin longs to margin shorts metric has fired a powerful signal, showing historical returns of 50%+ returns "within 50 days." 📈 *Positive Crypto Industry Developments 🌟* The Federal Deposit Insurance Corporation (FDIC) has clarified the process for banks to engage in crypto-related activities, providing clear guidance on their ability to engage in and provide crypto-related products and services without needing to notify the FDIC first. This development is seen as a positive step for the crypto industry. 📝 *Conclusion* The future of Bitcoin's price is uncertain, with some traders predicting a fall to $65K and others seeing a potential for growth. Meanwhile, whales are going wild, and positive developments are occurring in the crypto industry. Stay tuned for more updates!$BTC $WUF $NEIROETH $ORDER