Bitcoin whales took advantage of $60K price dip, scooping up 40K BTC

Whale and institutional demand for Bitcoin show signs of a comeback, but downside risks remain as analysts expect BTC price to retest $66,000 support.

Bitcoin (BTC) rebounded 17% to trade near $70,000 on Monday, from its 15-month low below $60,000, as whales took advantage of discounted prices to accumulate. 

Key takeaways:

Large investors have bought the dip to $60,000, adding at least 40,000 BTC.

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