Bitcoin (BTC) could still see a major price capitulation, but more whales need to start selling first, data suggests.
In one of its daily QuickTake market updates on May 27, on-chain analytics platform CryptoQuant highlighted increasingly bearish whale behavior.
Small whale selling should spark “absolute capitulation”
Amid the widespread consensus that BTC/USD should put in a lower low than its May 12 pivot price of $23,800, some of Bitcoin’s largest holders are showing signs of…
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