Asia Morning Briefing: Bitcoin Holds Above $114K as Whales Absorb Supply and Shorts Rebalance

Markets, btc, Bitcoin, News On-chain data shows roughly 62,000 BTC have moved out of long-term storage since mid-October, softening one of this cycle’s strongest tailwinds. But steady whale accumulation and a moderate short-side cleanup helped prices stabilize near $114K. On-chain data shows roughly 62,000 BTC have moved out of long-term storage since mid-October, softening one of this cycle’s strongest tailwinds. But steady whale accumulation and a moderate short-side cleanup helped prices stabilize near $114K. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More

More From Author

Bitcoin Rebounds as $319M in Shorts Are Liquidated While Traders Eye U.S.-China Talks

Bitcoin Set for Massive Surge as Bank Reserves Near ‘Danger Zone,’ Says Adam Livingston

Leave a Reply

Your email address will not be published. Required fields are marked *