Bitcoin (BTC) has dropped nearly 7% from its local peak of $82,800, as several groups of wallet holders switched from accumulation to distribution. Data suggests that this distribution, combined with increasing realized losses, points to a potential shift in momentum. Key takeaways: Whale absorption of newly mined BTC supply drops to all-time lows below -150%. …
Continue reading “Bitcoin accumulation trends weaken as realized losses jump to $600M”
