Let’s talk about something different: Bitcoin whales reduced their holdings by over 34,000 BTC in a week, worth about $2.6 billion.
Everyone sees this as bearish news. What I’m wondering is: has some of the selling pressure already been absorbed? It’s not uncommon for prices to rise rather than fall once bad news is out.
$BTC 24h -0.97%. Look at the data and listen less to the narratives, and you’ll avoid a lot of pitfalls.
Everyone sees this as bearish news. What I’m wondering is: has some of the selling pressure already been absorbed? It’s not uncommon for prices to rise rather than fall once bad news is out.
$BTC 24h -0.97%. Look at the data and listen less to the narratives, and you’ll avoid a lot of pitfalls.