Bitcoin experienced a correction after surpassing $62,000, but data suggests that large holders, or whales, did not sell off their Bitcoin. The cryptocurrency has been consolidating around the $60,000 zone due to geopolitical tensions between Iran and Israel. Bitcoin reached a local high of $62,370 after the U.S. jobs report. Currently, Bitcoin's trading volume has plunged by 53%. Despite the correction, whales have recorded a net inflow of Bitcoin and there has been a decrease in whale transaction volume, indicating consolidation and lower volatility. Additionally, there has been an outflow of Bitcoin from centralized exchanges, suggesting accumulation and increasing bullish expectations for October. However, it's important to consider that macroeconomic events and geopolitical tensions can influence financial markets, including crypto.



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