Crypto
Bitcoin Price Hits 32,000 BTC Sold at Loss, Is Bottom in Sight?
Bitcoin's price has been trading at $63,632.81, down 0.22% on the day, following an intraday swing between $63,333 and $64,222 that resolved into a tight consolidation range.
The recent price action suggests short-term holders are selling at a loss, with two liquidation clusters flanking the current price indicating the next directional move could be sharp.
A total of approximately 32,000 BTC was sent to exchanges at a loss in a single day, marking the largest short-term holder capitulation event in 30 days, according to data from CryptoQuant.