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Bitcoin rebounds from $76k as whales open new long positions, signaling bullish sentiment.

Market News
21 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Bitcoin recovered from a low of $76,000 to trade around $77,886, driven by major traders increasing their long positions. Whale Garrett Jin notably opened a significant 5x long position worth over $59 million, indicating renewed market confidence. Data from derivatives markets shows rising buyer activity and positive net inflows, suggesting traders expect further price gains. However, technical indicators like the RSI and moving averages still show bearish pressure, meaning Bitcoin needs to break above $79,407 to confirm stronger bullish momentum.

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