Whale Trading and Short Liquidation Propel Bitcoin to 25Day Peak

Bitcoin, the leading cryptocurrency globally, has ignited enthusiasm in the market once more by hitting a 25-day peak of $64,745 just a few hours ago. In the last 24 hours, Bitcoin’s trading volume has skyrocketed by 86%, reviving hope among traders. Many enthusiasts in the crypto space are already dubbing this moment as a preview of “Uptober,” optimistic that Bitcoin’s trajectory will keep ascending in the weeks ahead. It’s worth mentioning that the cryptocurrency faced challenges earlier this month, yet influential investors—often referred to as whales—have managed to profit during these market fluctuations.