BTC Price Surpasses 10-Day Highs as Bitcoin Whales Demand Sees 'Big Surge'

The new data shows that consumer buying appears to be in full swing, but analysts remain cautious about the near-term outlook.

Bitcoin (BTC) made the most of the volatility over the weekend on June 26, as the BTC/USD pair hit its highest level in over a week.

A marked "unusual whale activity"

Data from Cointelegraph Markets Pro and TradingView tracked the largest cryptocurrency as it hit $21,868 on Bitstamp.

Within hours of the weekly close, a pullback below $21,500 occurred, with Bitcoin still in line to seal its first “green” weekly candle since May.

The event followed warnings that volatility conditions, both up and down, could return over the weekend of low liquidity. Nonetheless, on-chain data pegged what appeared to be a buy by Bitcoin's largest-volume cohort of investors before the rally.

“Unusual Bitcoin whale activity has been detected,” noted the popular analysis resource Game of Trades.