Bitcoin whales still 'hibernating' as BTC price nears $21K
— Chart, Hibernation, Whales, Nears, Hibernating, Oliveira, Bitcoin, Source, Wake, Waiting — 1 min read
Bitcoin (BTC) hit $21,000 for the first time in several days on July 15 as markets enjoyed what one trader called "summer relief" Many altcoins had responded well to the uptick in BTC price action, with Ether (ETH) making a noticeable rebound to cap over 12% daily gains. On-chain data suggested that the largest Bitcoin hodlers were in no mood to act at current prices. On July 14, BlockTrends analyst Caue Oliveira highlighted what he described as "hibernation" continuing among whale wallets, with only Solana (SOL) beating ETH over the past 24 hours. Solana managed to beat ETH in terms of market cap, while ETH managed to avoid return below the psychologically significant $1,000 level. Source