CryptoQuant analyst Woominkyu stated that BTC whale selling has ended; total whale holdings rose on June 14 after 12 consecutive days of decline, with the price rebounding to $65,704.89. Data shows that the inflow of coin-days destroyed dropped from 2.16 million to just 33,000, indicating a significant weakening of selling pressure from long-term holders.
CryptoQuant: BTC whale selling ends, price rebounds to $65,704.89
TechFlowShare
Summary
BTC price rebounded to $65,704.89 as whale activity showed signs of slowing. According to CryptoQuant analyst Woominkyu, BTC whale selling has ended. On June 14, total whale holdings increased for the first time in 12 days. Coin-days destroyed dropped from 2.16 million to approximately 33,000, signaling reduced selling pressure from long-term holders.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.