Bitcoin analysts explain what’s next in the aftermath of BTC plunging to $16.2K

The price of Bitcoin (BTC) dropped sharply on Nov. 26 following a mass sell-off from whales. Data from on-chain data firms, namely Santiment, Intotheblock, and CryptoQuant, show heightened levels of whale exchange inflows.

Whales selling right under Bitcoin’s all-time high, particularly when the market sentiment was overly euphoric, led to a massive drop. Roughly $1.8 billion worth of futures contracts were wiped out, as Cointelegraph reported.

Some exchanges, like Binance as an example,…


Source link

About bitcoin

Check Also

5 Hard-to-Believe Bitcoin Facts | The Motley Fool

Whether you’re a diehard bitcoin fan or you can’t stop screaming mania, it’s hard to …

Leave a Reply

Your email address will not be published. Required fields are marked *