📈 Current State of #Bitcoin Data 📊 $BTC

Despite a rough morning, good morning... 🌞 On the #BTC front, the daily RSI is in oversold territory, but we are still above the 200 EMA. 🙏 Let's hope we hold around the $60k levels and don't drop further.

📉 The spot CVD is falling, mainly due to sales from small investors.

🔹 Whales have sold a bit but are largely maintaining their Bitcoin holdings.

🔹 Bitcoin has been moving sideways in the $70-55k range for 4 months. During this time, the amount of Bitcoin held by whales hasn't decreased at all.

🔹 The amount of Bitcoin held by small investors is continuously dropping. If the goal is to wear out investors and make them sell, it's been working perfectly for the last four months.