Bitcoin Whales Show Buying Power as Price Drops Below $111,000

Bitcoin whales are actively buying the dip as the cryptocurrency’s price falls below $111,000. Over 6,300 large transactions exceeding $1 million have been recorded this week, according to on-chain data from Santiment. This marks a significant surge in whale activity and suggests major holders are positioning themselves for potential long-term gains despite recent market corrections. Institutional confidence remains strong despite short-term fluctuations as Bitcoin ETFs continue to attract inflows. 3%, currently trading near $110,007, shows the cryptocurrency’s price fell after a wave of substantial whale activity.