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via Cointelegraph · By Cointelegraph Staff

Bitcoin Accumulation Weakens as BTC Realized Losses Hit $600M

BTC

BTC/USDT

$62,674.00

-2.15%

$62,674.00

-2.15%

(24s)

24h Volume

$18,113,956,570.95

24h H/L

$64,275.38 / $61,938.00

Change: $2,337.38 (3.77%)

Long/Short

68.3%

Long: 68.3%Short: 31.6%

Funding Rate

+0.0011%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,528.07

▼ -2.33%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,665.73

Resistance 1$62,911.84

Price$62,528.07

Support 1$61,834.89

Support 2$60,587.90

Support 3$59,158.90

Pivot (PP):$62,913.82

Trend:Downtrend

RSI (14):36.8

Cointelegraph Staff

(04:21 PM UTC)

1 min read

Updated byJames Mitchell

876 views

0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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