Bitcoin (BTC) has dropped 10% over the last 30 days, as several groups of wallet holders switched from distribution to accumulation.
Data suggests that this accumulation, coupled with record realized losses, points to a potential shift in momentum.
Key takeaways:
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Bitcoin whales and mid-sized holders are aggressively accumulating BTC at current levels.
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Whales and sharks are now absorbing nearly 240% of the newly mined BTC supply.
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Bitcoin’s realized losses neared $5.8 billion on Nov. 22, the…
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