Bitcoin’s Surge Above $66K: Will Whale Activity Spark A Sell-Off?

Bitcoin’s recent rally has pushed its market value past $66,000, igniting excitement among traders. However, while Bitcoin is grabbing headlines, it’s actually the altcoins that are seeing the biggest gains this week.

A major factor behind this is the redistribution of profits from Bitcoin’s steady rise over the past three weeks.

As the market sentiment shifts into a high FOMO (fear of missing out) zone, traders should brace themselves for potential turbulence. These levels often signal the approach of local tops, which could materialize within days, over the weekend, or in the coming weeks—largely depending on how whale investors react at these key price points.

One thing is clear: a drop back to $50K or $60K seems unlikely without significant economic downturns across global markets.