Whales Flock to Ethereum as Bitcoin Price Dips Below $113,000

Bitcoin experienced a notable downturn over the weekend, slipping from recent highs and testing support levels around $112,500. This retreat followed a brief rally spurred by Federal Reserve Chair Jerome Powell's comments hinting at a potential September rate cut. However, market sentiment shifted as selling pressure resurfaced, attributed to significant whale activity and a broader market recalibration.