Bitcoin's net unrealized profit/loss chart is in the 'capitulation' zone, suggesting buying opportunities relative to historical price action. Nevertheless, bitcoin whales are selling. Chart of the Day explains the data, presented by cryptocom:
Bitcoin’s net unrealized profit/loss chart is in the ‘capitulation’ zone, suggesting buying opportunities relative to historical price action despite
its drop below $22,000. Plus, insights into bitcoin’s inflows and whales selling as “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
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