Bitcoin drops after $78K pop, but ‘value investor’ keeps ‘hoovering up cheap’ BTC
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- Bitcoin fell from a $78,000 peak to around $76,000, failing to hold the high level.
- Hyblock identified two liquidity clusters, with the brightest around $75,675‑$75,700 and noted that short sellers likely exited at breakeven.
- Adam Back revealed that a Bitcoin whale has been using a TWAP strategy to purchase roughly 450 BTC per day for the past 8.5 days.
- TRDR.io shows sellers from $77,700 and thickening asks from $78,000 to $80,000, indicating resistance in that range.
- Kraken launched a Bitcoin Vault product that lets BTC holders earn yield on their holdings.
Why it matters: BTC holders who can sell near $78k lose potential upside, while the whale’s 450‑BTC‑a‑day purchases accumulate cheap supply, bolstering long‑term price support and enabling yield products like Kraken’s Vault to attract investors.
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