Bitcoin remains under $26,000 as it enters a phase of consolidation, but on-chain data shows that whales are accumulating at every dip, with close to 60,000 BTC accumulated amid the recent price correction. Bitcoin's market dominance has also moved closer to 50% amid the recent crash in altcoin prices following the SEC's action.
Bitcoin miners have been transferring a considerable number of coins to exchanges, reaching a notable inflow of $70.8 million, while crypto exchanges like Binance and Coinbase have seen some outflows over the past week. Bitcoin is likely to continue to trade with a support of $25,000 and an upside resistance of $26,100 in the time ahead.
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