Bitcoin's direction is now in the hands of new whales, preferring to take profits

Bitcoin (BTC) markets are still showing exuberance, but may be at a later stage of the bull ￰0￱ on-chain data shows a cohort of new whales has taken control of a larger part of the ￰1￱ Bitcoin (BTC) expansion stage is already mature, and may see further speculation. On-chain data shows a new cohort of whale wallets is in charge, as older holders either moved coins or locked in ￰2￱ holders are still mostly in profit, with 97% of all-time buyers in the ￰3￱ the support, the recent slide of BTC from its peak, combined with dramatic liquidations, raised questions on the direction of the bull ￰4￱ on realized price, BTC holders are still not feeling anxiety, though this cycle has not touched the euphoria and greed stage. |