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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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The short-term Bitcoin whales are sitting on net unrealized losses of 22%…
https://cointelegraph.com/news/new-bitcoin-whales-are-trapped-underwater-but-for-how-long?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
