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

Cointelegraph

Published May 27, 2022 04:28AM ET

Updated May 28, 2022 06:40AM ET

Bitcoin (BTC) could still see a major price capitulation, but more whales need to start selling first, data suggests.

In one of its daily QuickTake market updates on May 27, on-chain analytics platform CryptoQuant highlighted increasingly bearish whale behavior.

Bitcoin entities with a balance above 1,000 BTC vs. BTC/USD chart. Source: Glassnode
Bitcoin moving profit/ loss (MPL) vs. BTC/USD annotated chart. Source: Whalemap/ Twitter (NYSE:TWTR)

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