Bitcoin price wicks below $20K as whales send 50K BTC to exchanges
— Weekly demand level, Bitcoin, Chain data, Analyst rekt capital, Usd — 1 min read
Bitcoin (BTC) saw a dramatic change of mood into June 22 as multi-day highs gave way to a fresh dive under $20,000. The largest cryptocurrency had passed $21,700 the day before, its best performance since June 16. Analyst Rekt Capital warned of danger in BTC/USD being unable to reclaim its 200-week moving average. Whale buyers created a potential major support level just above $19,000 earlier this week, according to data from Cointelegraph Markets Pro and TradingView. On-chain analytics firm Glassnode reported that on June 20 and 21, Bitcoin whales deposited over 50,000 BTC to exchanges. This followed 58,000 Bitcoin in inflows on a single day on June 13, while still not matching the levels seen during some previous sell-offs. Source