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via The Block · By The Block Editorial

CryptoQuant says bitcoin whale and dolphin accumulation stalled as demand remains weak

BTC

BTC/USDT

$62,754.00

-2.57%

$62,754.00

-2.57%

(24s)

24h Volume

$19,162,373,749.86

24h H/L

$64,438.67 / $62,272.07

Change: $2,166.60 (3.48%)

Long/Short

66.3%

Long: 66.3%Short: 33.7%

Funding Rate

-0.0006%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,540.08

▼ -0.66%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,753.77

Resistance 1$62,954.21

Price$62,540.08

Support 1$61,848.32

Support 2$60,353.46

Support 3$52,679.32

Pivot (PP):$62,655.60

Trend:Downtrend

RSI (14):33.9

The Block Editorial

(08:03 PM UTC)

1 min read

Verified byJames Mitchell

1008 views

0 comments

Bitcoin holding structure continues to deteriorate as whale BTC balances contract while dolphin balances decelerate below trend, according to onchain analytics firm CryptoQuant.

Bitcoin whales' balances are contracting year-over-year at the fastest pace of this year, mirroring the 2022 bear phase, when whale accumulation first stalled before turning negative, CryptoQuant Head of Research Julio…

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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The Block Editorial · The Block

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