After Tuesday’s victory of Grayscale over the US SEC, the Bitcoin price made a quick recovery surging past $27,500 levels. However, from there, the BTC price has undergone a partial retracement and is currently down 0.79% and is trading at $27,240.
As per on-chain data, the trading volumes have sustained, even a day after Tuesday’s pump. On-chain data provider Santiment explains that trading activity remains substantial following the recent price increases across the cryptocurrency market.
Notably, there is a significant resurgence of trader attention on Bitcoin. If Bitcoin maintains its current range between $27,000 and $28,000, the situation should stabilize. However, if the price deviates beyond this range, increased volatility is probable.
courtesy: Santiment Large holders in the cryptocurrency space, often referred to as whales and sharks, might have had insights about the Grayscale and SEC legal case’s result. On the day prior to the news, wallets holding 10,000 to 10,000 Bitcoin (BTC) collectively acquired around $388.3 million worth of BTC.








