Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Bitcoin (CRYPTO: BTC) is down $40,000 from its peak at the start of October.
According to new ******* ysis it wasn’t retail traders or overleveraged longs that did the damage—it was whales who bought around the $126,000 all-time high and panic-sold into $84,000.
Large holders who bought near the top were forced to realize massive losses, creating sustained selling pressure that knocked Bitcoin down 32%.
Don't Miss:
https://finance.yahoo.com/...
Bitcoin (CRYPTO: BTC) is down $40,000 from its peak at the start of October.
According to new ******* ysis it wasn’t retail traders or overleveraged longs that did the damage—it was whales who bought around the $126,000 all-time high and panic-sold into $84,000.
Large holders who bought near the top were forced to realize massive losses, creating sustained selling pressure that knocked Bitcoin down 32%.
Don't Miss:
https://finance.yahoo.com/...
2 months ago
