Crypto Market Turmoil: Bitcoin Recovers to $85K Amidst Massive Liquidations and Whale Buying Spree

The crypto market concluded another week with significant price movements, keeping traders and investors on edge. Bitcoin (BTC) price hit a low of $78K before recovering to the $85K level, while altcoins mirrored the same volatile trend. The broader market volatility was driven by macroeconomic factors and liquidity issues, leading to panic selling among market participants.

Bitcoin (BTC) price closed the week near the $85K level after touching a $78K low in the past seven days. Ethereum (ETH) price dipped to a $2100 level low, while Solana (SOL) traded at the $130 level. XRP price slipped, losing over $2 in the past week. The waning action was influenced by macro developments, such as U.S. President Donald Trump's plans to impose new tariffs on Canada, Mexico, and the EU, which caused global markets to slump, including the crypto sector.

Massive liquidations also contributed to the recent crypto market crash, with over $1 billion in liquidations occurring in a single day. Traders and investors reflected a panic-selling sentiment amid the substantial liquidations. However, BTC and altcoins showed signs of recovery, with the flagship coin nearing $85K and ETH price closing the week near $2,200.

Simultaneously, crypto whale activity surged amid the recent market volatility, sparking market speculations. Dogecoin (DOGE) whales embarked on a massive buying spree during the price dip, signaling potential gains. Solana (SOL) whales also bought the dip, indicating price gains for the crypto. Ethereum (ETH) whales took on a buying spree, accumulating heavily during the recent dip. The substantial accumulations suggest renewed market interest in cryptocurrencies following the recent market turmoil. Traders and investors continue monitoring prices for further shifts.