According to data from Whalemap, an on-chain analysis firm that tracks Bitcoin (BTC) whales, the $9,800 support has weakened.
The researchers at Whalemap track whale activities by following addresses owned by whales — individual investors that own large sums of BTC. They explained:
“Some HODLer activity yesterday. Bubbles show where these HODLer coins were coming from. The biggest bubbles come from the pre-corona area at 9800. To me this means our support at 9800 just got a little…