Bitcoin (BTC) dropped below $86,000 on Monday, continuing to expand on a liquidity imbalance as smaller participants continued to buy dips. However, large holders are using the demand to exit positions, keeping downside pressure firmly in place.
Key takeaways:
-
Retail and mid-sized Bitcoin wallets purchased $474 million in cumulative buy-side volume, while whales sold $2.78 billion during the same period.
-
Short-term BTC holders continued to sell at a loss, a sign of capitulation, but a reversal…
Read the full article here
