Bitcoin whales refuse to sell while BTC price ditches $70K ‘euphoria’
Bitcoin derivatives traders go from de-risking to “clear pessimism,” but large-volume hodlers are in no hurry to bow to BTC price pressure.
Bitcoin (BTC) threatened new local lows on April 16 as large-volume investors held off on selling.
Data from Cointelegraph Markets Pro and TradingView revealed two fresh dips below $62,000 during the Asia trading session.
Nervous risk-asset markets set the tone across the board on the day, with United States stocks wobbling at the Wall Street open and Bitcoin failing to hold its rebound.
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Author: William Suberg
