Bitcoin Correction Looming as Whale Activity Remains Strong

Bitcoin's recent price surge has been impressive, with the cryptocurrency gaining nearly 13% over the past week.

The market update from CryptoQuant suggests that this momentum may be followed by a short-term correction. According to their analysis, a 'cooling' phase could lead to a dip in Bitcoin's price to around $70,000.

However, the data also indicates that whale activity remains strong, with large investors continuing to accumulate Bitcoin despite its current price point of near $90,000.