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via Cointelegraph · By Cointelegraph Staff
Bitcoin Accumulation Weakens as BTC Realized Losses Hit $600M
BTC
BTC/USDT
$63,140.00
+0.03%
$63,140.00
+0.03%
(24s)24h Volume
$2,100,191,608.12
24h H/L
$63,175.00 / $62,968.45
Change: $206.55 (0.33%)
Long/Short
67.7%
Long: 67.7%Short: 32.3%
Funding Rate
+0.0035%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(04:21 PM UTC)
1 min read
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%.
- Bitcoin holders shift from accumulation…
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