BTC Price Jumps 3.6% Amid Whale Transfers, $45B Volume, Key Support at $60K Eyed

Bitcoin (BTCUSDT) has seen a 24-hour price increase of 3.63%, with the current price on Binance at $68,875.89. This upward movement follows notable volatility, as large Bitcoin holders transferred 8,200 BTC into Binance and ongoing sell-side activity has dominated order flow after Bitcoin dropped below $70,000. Weak buying pressure persists, reflected in technical indicators and reduced whale purchases, while broader market sentiment remains cautious due to falling institutional interest and "extreme fear" reported by the Fear & Greed index. Key drivers include ETF flows and macroeconomic factors, with robust trading volume at approximately $45–46 billion and a market cap near $1.37 trillion. Despite the rebound, analysts note persistent bearish momentum and close monitoring of support at $60,000–$62,000 and resistance at $73,000–$75,000.