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Small Bitcoin whales may be keeping BTC price from ‘capitulation’ — analysis -Breaking

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Small Bitcoin whales may be keeping BTC price from ‘capitulation’ — analysis

(BTCThe price capitulation of ) may still be significant, however, more whales will need to sell first, according to data.

One of the daily editions QuickTakeMarket Updates on May 27, CryptoQuant’s on-chain analytical platform CryptoQuant highlighted increasing bearish whale behavior.

Bitcoin entities with balances above 1000 BTC are compared to chart. Glassnode
Bitcoin moving profit/loss (MPL) vs. Bitcoin/USD annotated graph. Source: Whalemap/ Twitter