How Crypto Whale Activity Offers Hope for Bitcoin and Broader Market Recovery After Post-Christmas Dip
A recent campaign of large stablecoin deposits by whales triggers hope of a Bitcoin and broader market recovery following the latest pullback.
The crypto markets have shown signs of uncertainty in recent weeks following the Federal Reserve’s hawkish posture heading into 2025. While the market offered hopes of a recovery with a Christmas Day rally, an ensuing sharp correction on Boxing Day again stirred doubts.
Amid the uncertainty, leading crypto analytics platform Santiment Feed has argued that there is hope to be found in the activity of a closely watched class of crypto investors.
Whales Preparing to Accumulate?
On Christmas day, December 25, 2024, Bitcoin rallied to $99,900 amid a 7% jump from Christmas Eve lows of $93,500 amid…
