• New Bitcoin whales are trapped underwater, but for how long? • The gap between new and old Bitcoin whales continues to widen as BTC trades below $68,000. • Will young whales continue to accumulate, or will older whales capitulate first? • Cointelegraph in your social feed Bitcoin’s (BTC) price continued to consolidate near $68,000 on Tuesday, but sustained weakness below this level may generate additional sell pressure from the newest cohort of large holders. • While the long-term whales remain in profit, short-term whales are sitting on sizeable unrealized losses. • One analyst highlighted how this pressure may impact BTC’s price, as other indicators point to a continued downtrend.
Article Summaries:
- Bitcoin’s (BTC) price continued to consolidate near $68,000 on Tuesday, but sustained weakness below this level may generate additional sell pressure from the newest cohort of large holders. While the long-term whales remain in profit, short-term whales are sitting on sizeable unrealized losses. One analyst highlighted how this pressure may impact BTC’s price, as other indicators point to a continued downtrend. Key takeaways: The short-term Bitcoin whales are sitting on net unrealized losses of 22% at current prices. The Binance whale inflow ratio climbed to 0.62 from 0.4 in two weeks, signali
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