🚨 Recovery reaction in #Bitcoin with a dominant Western buyer (whales?) through Coinbase.
Note that this exchange is the primary one used by institutional investors in the U.S. due to regulatory factors.
There has been constant spot buying over the past few hours, with more than $190 million absorbed since the local bottom.
This pattern is distinct from what was observed yesterday during the sell-off, following widespread selling and systemic deleveraging in global markets, as shown by the CVD.
Tomorrow, I'll release a comprehensive report on BlockTrends PRO analyzing current price levels and the main probabilities for the coming days/weeks.