A recent on-chain evaluation has been published, which suggests that Bitcoin may be entering into a classic deceptive phase in its market cycle, a dynamic that poses a trap for potential market participants expecting a straightforward price recovery.

‘New Whales’ Capitulate, But Market Accumulation Resumes

In a QuickTake post on CryptoQuant, a market analyst with the pseudonym Sunny Mom explored the signs typically indicative of a brewing trap within Bitcoin’s current market structure.

The crypto expert began by revealing that the recent heavy price corrections have been driven by a surge in Bitcoin investors’ realized losses. In particular, the analyst had identified New Whales, i.e, large BTC holders who bought late into the rally, as the major selling force, as they have been movin

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