Bitcoin Nears $70K as CPI Cools and Whales Accumulate

Bitcoin is nearing the $70,000 mark as cooling Consumer Price Index (CPI) figures and increased accumulation by large holders, or ‘whales’, drive the cryptocurrency’s upward momentum. Despite these positive indicators, Santiment reports that the market bottom remains unconfirmed, suggesting potential volatility ahead. The recent economic data and whale activity have contributed to Bitcoin’s bullish trend, but uncertainty persists regarding the sustainability of this rally.