Bitcoin (CRYPTO:BTC) demonstrated resilience following a recent sharp decline, with on-chain data revealing strategic accumulation by whales, indicating confidence in current price levels.

Large holders increased their Bitcoin supply during the market correction, influencing sentiment and suggesting potential price stabilisation.

Critical support lies at the $67,500 level, with a fall below potentially triggering sell-offs, while a surge toward $72,000 could signal a bullish breakout in the mid-term.

This analysis underscores the significance of whale activity and key support levels in understanding Bitcoin's market dynamics.