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via Cointelegraph · By Cointelegraph Staff
Bitcoin Accumulation Weakens as BTC Realized Losses Hit $600M
BTC
BTC/USDT
$79,984.11
+0.45%
$79,984.11
+0.45%
(24s)24h Volume
$7,104,140,593.79
24h H/L
$80,200.00 / $79,545.96
Change: $654.04 (0.82%)
Long/Short
53.1%
Long: 53.1%Short: 46.9%
Funding Rate
+0.0027%
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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