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Bitcoin Bounces Back, but Whales Are Turning Bearish For the First Time Since June

Bitcoin Bounces Back, but Whales Are Turning Bearish For the First Time Since June

As of early evening on Oct. 27, Bitcoin (CRYPTO:BTC) rose 0.83% to $80,676.04, Ethereum (CRYPTO:ETH) rose 1.08% to $2,345.46, and Solana (CRYPTO:SOL) rose 0.40% to $101.16.

What’s driving crypto markets

Crypto markets saw some relief in the second half of the U.S. session after a poor start to the day. The world’s most valuable cryptocurrency, Bitcoin briefly slipped below $80,000 earlier in the morning but eventually put together a small rally to create some distance between the pivotal $80,000 mark.

In other notable news, Galaxy Digital (NASDAQ:GLXY) released a report in support of the view that Bitcoin may be in an accumulation zone and that the bear market is effectively over.

In a…

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