Why is Bitcoin price struggling to recover despite rising whale buying?

Bitcoin price has recovered toward $80,600 on October 25 after falling below $80,000 during a weekend sell-off that triggered substantial liquidations across cryptocurrency markets. Bitcoin price recovered toward $80,600 on October 25 after briefly falling below $80,000. U.S. spot Bitcoin ETFs recorded substantial withdrawals on October 22 and 23. CoinGlass data showed $546.88 million in cryptocurrency liquidations during a subsequent 24-hour period. CryptoQuant analyst CW8900 reported improving whale holdings despite recent market weakness. Bitcoin price faces support around $80,000, while $82,368 and $84,725 remain important resistance levels.

Source: crypto.news