RoYoK
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Bullish
šØBitcoin Price Correction Reportedly Nearing CompletionšØ
āļø Realized losses by Bitcoin traders have likely peaked, possibly marking the lowest point of the current BTC price slump.
With BTC price falling more than 15% from its all-time high, one analyst said that the bulk of the correction may be over for the largest cryptocurrency.
Bitcoin Correction Is 'Almost Over,' Says AnalystWith Bitcoin price falling below $93,000 on Dec. 20, Captain Faibik, an independent cryptocurrency trader, said that the BTC correction was nearing its conclusion
š«Bitcoin Realized Losses Hit $28.9 Millionš«
With selling pressure mounting hourly, the volume of realized losses also surpassed its weekly average.
Axel Adler Jr, a Bitcoin on-chain analyst, highlighted that BTC realized losses over the past 5 days reached $28.9 million, 320% above its weekly average in 2024. The $28 million mark has only been surpassed 10 times this year.
$BTC
#BTCNextMove
āļø Realized losses by Bitcoin traders have likely peaked, possibly marking the lowest point of the current BTC price slump.
With BTC price falling more than 15% from its all-time high, one analyst said that the bulk of the correction may be over for the largest cryptocurrency.
Bitcoin Correction Is 'Almost Over,' Says AnalystWith Bitcoin price falling below $93,000 on Dec. 20, Captain Faibik, an independent cryptocurrency trader, said that the BTC correction was nearing its conclusion
š«Bitcoin Realized Losses Hit $28.9 Millionš«
With selling pressure mounting hourly, the volume of realized losses also surpassed its weekly average.
Axel Adler Jr, a Bitcoin on-chain analyst, highlighted that BTC realized losses over the past 5 days reached $28.9 million, 320% above its weekly average in 2024. The $28 million mark has only been surpassed 10 times this year.
$BTC
#BTCNextMove
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