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 capitulateThe 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
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?
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:
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Bitcoin Price(BTC)
$67,576.74
$67,576.74$67,576.74
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