Whales Play Tug-of-War with Bitcoin: Will It Sink or Swim?
These bids, one must assume, are the financial equivalent of a safety net, should Bitcoin decide to take a header into the abyss. Yet, lest we forget, the same whales have erected a sell wall between $74,000 and $75,000, a barrier as impenetrable as a society hostess’s disdain for nouveau riche. One can almost hear the champagne corks popping as they prepare to offload their holdings onto the hapless small traders, those poor souls who still believe in the “rebound.”






