Bitcoin (BTC) is down 30% from its $126,200 peak, trading just above the $85,000 support and fueling concerns of a deeper pullback toward the $70,000 region. Still, onchain data showed institutions and high-net-worth individuals are accumulating BTC.
Key takeaways:
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Bitcoin sharks accumulated aggressively at 2012-level speeds, signaling a dip-buying trend.
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Heavy selling by long-term and OG whales continues to cap upside, keeping near-term downside risks elevated.
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