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Bitcoin Tests $66,000 as Volume Fades

Bitcoin Tests $66,000 as Volume Fades

The price got a boost from softer U.S. inflation, but there is still heavy supply around $66,000. Falling volume and weak ETF inflows are keeping the rally vulnerable.

Whales are investors with large amounts of cryptocurrencies who can have significant influence on the market.

Because whales hold large amounts of crypto, their transactions can cause price movements. Whale activity is often tracked through on-chain data.