Bitcoin Records $40B+ In Capital Outflows As ‘Humpback’ Whales Intensify Selling – Details

Over the last week, the Bitcoin price has continued to see sustained selling pressure, with the flagship cryptocurrency trading around $73,400. According to recent on-chain data, changes in key market structures suggest Bitcoin might remain in this bearish state in the near to mid-term. Related Reading: Bitcoin Has Hit A Ceiling, Analyst Says No Buying Until Price Hits This Level Realized Cap Metric Reflects Growing Capital Outflows In a recent post on QuickTake, on-chain analyst Carmelo Alemán