Bitcoin price weakness continues to persist as every bounce in recent weeks is met with instant selling pressure. As BTC is flirting with $87,000, on-chain data shows that total wallet addresses across sharks and whales are on a decline. This, coupled with Bitcoin ETF outflows, demonstrates that the overall sentiment is turning bearish.
Crypto market ***** yst Tracer has warned that Bitcoin may be repeating a price pattern similar to the 2021 cycle. In a recent post, the ***** yst pointed to a structure marked by a double top, followed by a sharp sell-off.
The image above also shows signs of