As the market recovers, Bitcoin appears to be displaying renewed bullish strength following several weeks of heightened volatility that caused its price to fall below the $100,000 mark. During this downward trend, many new BTC whales or large holders experienced notable losses, triggering a massive wave of capitulation among these key investors.

New Bitcoin Whales Break Under Pressure

One of Bitcoin’s most influential investor groups: newly formed whale addresses have taken a hit in a market where sentiment is still ambiguous. Bitcoin’s volatile swing in the past few weeks has now sent these key investors’ positions into severe losses, as the price drops below their entry levels.

MorenoDV, a market expert and author, shared this crucial development in a quick-take post

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