Bitcoin (BTC) dropped close to $78,000 on Feb. 28, but lower levels attracted solid buying by the bulls. CryptoQuant founder and CEO Ki Young Ju said in a post on X that selling after a 30% correction could be a “noob” mistake as Bitcoin rose to a new all-time high after falling 53% in 2021.
Select whales seem to be building a position during the dip. A Bitcoin whale, known as “Spoofy,” bought 4,000 Bitcoin worth roughly $344 million when the price was between $82,000 and $85,000. Crypto analyst Saint Pump said on X that Spoofy builds his position “extremely slowly” and may buy more if the markets fall further.
Crypto market data daily view. Source: Coin360
The current correction has not deterred Standard Chartered’s long-term view. In a CNBC interview, Standard Chartered head of digital assets research Geoffrey Kendrick said that Bitcoin could recover to $200,000 this year and surge to $500,000 before President Trump…
