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Bitcoin Slides 4% to $65,000 as Whale Selling Grows and Recent Buyers Lock in Losses
Bitcoin is trading around $65,000 as Asia's trading week begins, down 4.4% according to CoinDesk market data. The move follows a sharp flush from the $67,000 range, where it was trading over the weekend, and comes as on-chain data from Glassnode and CryptoQuant suggest the worst of the panic may have passed, but the broader structure remains under pressure. Glassnode data shows that recent Bitcoin buyers were realizing heavy losses earlier this month. A smoothed 7-day measure of short-term holder profits and losses fell to –$1.24 billion per day on Feb. 6, meaning newer investors were collectively locking in more ... (full story)
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