🐋 The capitulation of new whales has declined.



The main pressure during the drop of BTC from $124k to $84k was created by new whales who entered at the highs and locked in losses.

After the formation of a local bottom, their realized losses sharply decreased — active selling practically ceased.
$BTC $ETH $SOL
BTC-0.51%
ETH-0.96%
SOL-1.51%
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