The cryptocurrency market is going through a rough patch, with total market capitalization down 1.1% to $2.17 trillion. Bitcoin has been stuck around $63,000 for several weeks, reigniting the debate over its loss of momentum. According to Santiment, terms like dead, dying, and finished are gaining traction on social media, language that typically reflects fear when retail patience weakens. However, large holders continue accumulating: 90 wallets now hold at least 10,000 BTC, a six-month high. Analysts see this as a potential contrarian signal, with whales potentially viewing this period of weakness as a long-term BTC accumulation zone.
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