What to expect from the surge in loss-making sales on the bitcoin network?
BTC is trying to recover from the losses incurred after the whale sale.
Last night WhaleMap recorded a sharp increase in the volume of unprofitable sales:
The dominance of "painful" transactions over profitable ones inspires faint optimism, analysts say. Historical data suggests that after a spike in loss-making sales on the blockchain, there are conditions for a slight rebound (at least).
The range from $36,800 to $38,600 is a strong support zone. Right now bitcoin is trading lower, but could touch it if the whales resume buying on the lows.
