Bitcoin Whales Are Pulling Back as Activity 'Mirrors' 2022 Bear Market: Analysts

BTC

BTC/USDT

$73,832.00

+5.90%

$73,832.00

+5.90%

(24s)

24h Volume

$33,432,549,452.75

24h H/L

$73,899.00 / $68,902.22

Change: $4,996.78 (7.25%)

Long/Short

51.0%

Long: 51.0%Short: 49.0%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$73,408.00

▲ 0.52%

Volume (24h): -

Resistance Levels

Resistance 3$78,568.57

Resistance 2$76,273.57

Resistance 1$74,640.95

Price$73,408.00

Support 1$72,746.38

Support 2$70,151.58

Support 3$67,943.82

Pivot (PP):$71,775.79

Trend:Uptrend

RSI (14):80.9

Decrypt Editorial

(05:58 PM UTC)

1 min read

Approved bySarah Chen

A new CryptoQuant report shows that larger Bitcoin holders are shedding Bitcoin or adding more slowly than usual.
The trend "mirrors" that of 2022's bear market, analysts said, when Bitcoin fell from more than $47,000 to $15,000.
As it stands now, Bitcoin is 42% off its all-time high price set last October.

The largest Bitcoin holders are parting ways with their holdings, with the…