Bitcoin Bulls Surge as $67K Resurfaces, Disregarding 15% BTC Price Drop

According to accompanying comments from Material Indicators, on February 28th, a significant amount of Bitcoin (BTC) and Tether (USDT) worth $54 million was transferred by whales on the Binance cryptocurrency exchange. These funds were initially located within the price range of $36,000 to $38,000 but were then transformed into a buy wall at $52,000. Additionally, FireCharts revealed that today, the whales have further redistributed over half of this buy wall, amounting to $27 million, and established a bid ladder that ascends from $60,000 to $65,000.