Summary
- It was reported that Bitcoin whales have started selling, recording the lowest holdings since 2019.
- Analysis shows that whale selling pressure has intensified as Bitcoin failed to defend price levels.
- Bitcoin recorded $81,259, down 5.96% from the previous day and plunged 15.96% compared to the previous month.
Recent analysis suggests that whales have started selling as Bitcoin (BTC) shows weakness.
On the 10th, AMB Crypto reported, citing IntoTheBlock data, that Bitcoin holdings by whales have reached their lowest level since 2019. IntoTheBlock's metrics track whales who hold more than 0.1% of Bitcoin's total circulating supply.
Analysts believe that whale selling pressure has intensified as Bitcoin recently failed to defend key price levels. As of 9:57 AM today, Bitcoin is trading at $81,259, down 5.96% from the previous day according to CoinMarketCap. This represents a sharp 15.96% drop compared to the previous month.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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