Bitcoin slides 5%, tumbling below $65,000 as whale selling grows and recent buyers lock in losses
On-chain data from Glassnode and CryptoQuant shows large holders dominating exchange inflows while short-term investors continue to sell at a loss, pointing to a fragile base-building phase.
What to know:
Bitcoin has plunged to $64,700 in early trading in the new week, down 5% over the past 24 hours.
Losses realized by recent bitcoin buyers have eased from roughly $1.24 billion to $480 million per day, signaling that panic selling is cooling but that a bottom-building phase may still be underway.
Exchange data shows large holders now dominate selling, altcoin deposits and volatility are rising, and stablecoin inflows have shrunk, all pointing to weaker buying power as bitcoin tests support around $65,000.
BTC
63,166.83
-3.91%