7h ago
Bitcoin Falls to $81,000 as Large Holders Continue Distribution Since Q4
Bitcoin dropped to $81,000 following a November 21 event that recorded approximately $3 billion in Net Realized Profit/Loss, the largest net swing since the 2023 bear market. On-chain data show large holders have been distributing BTC since Q4 began, contributing to muted buying pressure and preventing a sustained recovery despite the asset reaching $126,000 just days before the October correction.
BTC
BTC-0.07%
7h ago
11-16
Ethereum Short-Term Holders Hold 73% Profit Cushion as Bitcoin Records $1.3 Billion in Realized Losses
Ethereum short-term holders maintain profitability despite a 17.8% November decline, with holdings sitting 73% above the $1,793 cost basis from May. Bitcoin recorded $1.3 billion in net realized losses following a drop to $94,000, while Ethereum limited losses to $325 million during the same period. Wallet activity shows $29.7 million in ETH accumulation, suggesting institutional positioning amid the current price correction.
11-16