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Whales Defended Bitcoin’s $58K-$63K Zone, Says Jamie Coutts
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Analyst Jamie Coutts said the $58,000 to $63,000 range was “viciously defended” by large holders, pointing to unusually high volume on both centralized exchange charts and onchain spot data at that level. He called it Bitcoin’s current line in the sand, warning a break below would be damaging given how much capital rotated in there. Coutts also flagged Bitcoin’s relative strength against gold and tech stocks, its two closest competitors as debasement and growth plays, pointing a bullish setup on weekly charts. He said smart money has been building Bitcoin positions over the past quarter, visible in recent 13F filings, while ETF inflows are now tracking at roughly 300% of new supply.
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