Bitcoin Price Rallies Above $98K as Whale Investors Shift to Altcoins
Bitcoin’s price recently rebounded above $98,000 amid a significant cash rotation toward altcoins. This movement by whale investors has led to an increased interest in Layer 1 projects, which has generated curiosity around capital outflows from Bitcoin. Despite these shifts, Bitcoin’s market positioning remains strong, raising speculation about future market dynamics. As more investors explore other opportunities, Bitcoin’s steady performance could attract renewed attention, making it essential for traders to stay updated on market trends.