Current State of #Bitcoin Data
Despite waking up to a bad morning, good morning... On the #BTC front, the daily RSI is in oversold territory, and we are still above the 200 EMA. Let’s pray that we hold around the $60k levels and don’t go further down.
The spot CVD is falling, but most of these sales are from small investors.
- Whales have also sold a bit, but they are largely maintaining their Bitcoin holdings.
- Bitcoin has been moving sideways in the $70-55k range for 4 months, and during this period, the amount of Bitcoin held by whales has not decreased at all.
- The amount of Bitcoin held by small investors is continuously dropping. If the aim is to wear out investors and make them sell, they have been achieving this wonderfully for the last four months.
- The fact that the amount of Bitcoin held by whales has not decreased indicates that their long-term expectations remain positive, friends.
