Bitcoin selling at $95K is ‘profit-taking pressure test’ but BTC whales are still buying

Bitcoin’s reaction to US GDP figures is overblown as data shows BTC selling over the past few days ramping up near the $95,000 level as short-term traders take profit.

Key Takeaways:

US GDP shrank -0.3% in Q1, far below +0.3% forecasts, sparking recession fears.

Bitcoin faces selling pressure with its spot volume delta dropping $300 million in 3 days.

Read more