Bitcoin whales sold $1.83B in 72 hours. Market uncertainty is growing, despite 80% holders in profit. What is next for BTC?
price has become highly volatile over the last few days. As expected, this volatility precipitated some interesting behaviour from many of the market’s holders.that a number of whales reportedly sold or redistributed around 30,000 BTC worth $1.83 billion, in the last 72 hours alone.
The sale or redistribution of 30,000 BTC within just 72 hours has sent ripples throughout the market. As expected, many are now speculating that this could lead to further downside pressure. This simply means that despite the sell-off, many investors acquired BTC at lower prices. Consequently, this gives them less incentive to sell in panic.AMBCrypto further analysed IntoTheBlock’s large transaction data to track the whale dynamics on this crucial market phase.
Despite this, however, a majority of Bitcoin holders remain in profit. This can be interpreted as a sign of holders’ reluctance to sell in this market environment.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin whale confidence grows as BTC nears $60K – Should you buy the dip?Whale cohorts have sparked renewed optimism with their recent purchase of 50K BTC. Does this signal a market bottom?
Read more »
Amidst Bitcoin’s struggles, BTC should break THIS level for a bull runBTC struggles within a descending parallel channel. Discover key metrics, social sentiment spikes, and potential breakout levels.
Read more »
Bitcoin at key psychological level: Will BTC’s history trigger a rally?Bitcoin is at a critical psychological turning point, a pivotal zone where traders’ optimism or pessimism emerges.
Read more »
Bitcoin exchange inflows hit new lows – Can China drive BTC to $77K?With increasing liquidity from China’s stimulus, Bitcoin appears poised for a potential breakout to $77K as we move deeper into Q4.
Read more »
U.S. to sell Silk Road Bitcoin: 69,370 BTC to enter marketThe Supreme Court’s decision allows the U.S. government to liquidate seized Bitcoin, potentially impacting the market.
Read more »
Japan’s Metaplanet expands Bitcoin portfolio with latest purchaseMetaplanet boosts BTC holdings as Bitcoin ETFs near Satoshi Nakamoto's level, marking institutional interest growth.
Read more »