Crypto analyst Ali Martinez reports that the crypto market has witnessed an unprecedented surge in capital inflow, reaching a staggering $110 billion in just the past 30 days.
Whale Activity
Martinez highlights significant whale activity, with large investors accumulating massive amounts of Dogecoin (DOGE) over the past two weeks, totaling around $280 million.
Bitcoin Technical Analysis
Martinez observes a bullish technical pattern forming on Bitcoin’s 30-minute chart, suggesting a potential breakout rally if the price surpasses its immediate resistance at $71,580. This could lead to a 4.44% increase, targeting a price of $74,760.
Market Overview
At the time of writing, Bitcoin is trading at $70,468, while Dogecoin is at $0.213. Bitcoin has seen a remarkable surge since January 23rd, when it was trading at $39,833.
