$BTC
Movement among Bitcoin whales, with just eight days until the U.S. presidential election, has significantly declined.
The asset’s price has consolidated around $67,000.
According to data provided by IntoTheBlock, the Bitcoin Bitcoin
0.81%
Bitcoin large-holder net inflows plunged from around 38,800 BTC on Oct. 20 to 258 BTC on Oct. 26. This could indicate that whales are nervous as Election Day in the U.S., Nov. 5., approaches.
Bitcoin whales unsure ahead of US election: Large-holder net inflows plunge from 38,800 to 258 - 1
BTC whale net flows – Oct. 27 | Source: IntoTheBlock
Notably, whales saw a net outflow of 4,750 BTC and 533 BTC on Oct. 21 and 22, respectively. Consequently, the selloff briefly sent the Bitcoin price below the $66,000 mark on Oct. 23.
Liquidations cool down
Moreover, the crypto liquidations plunged by 85% over the past day and the total amount is hovering around $59 million, according to Coinglass. Due to the market-wide cooldown, the distance between longs, $28.7 million, and shorts, $30.5 million, is very close.
Bitcoin saw $5.6 million in liquidations—$2.2 million longs and $3.4 million shorts.
