Accompanied by comments from Material Indicators, it was reported that on February 28th, whales transferred a sum of $54 million in BTC USDT bid liquidity from the $36,000 to $38,000 range on the Binance platform and transformed it into a buy wall positioned at $52,000. The data depicted on FireCharts reveals that today, these whales have further relocated more than half of this buy wall, which amounts to $27 million, and converted it into a bid ladder that progressively ascends from $60,000 to $65,000.
Bitcoin Bulls Surge as $67K Resurfaces, Dismissing 15% BTC Price Plunge