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Whale trading volume plummets by 87%! Bitcoin's $82,045 support level is under threat
[Crypto World] Bitcoin is a bit precarious right now. The movement of the whales has noticeably slowed down—large orders over a million USD, which used to be 2,400 trades daily in October, have been cut in half to just 300 trades now. The market sentiment is shifting quite rapidly.
The $82,045 level needs to be closely watched, as there are piles of 825,000 BTC sitting below. If this line of defense cannot be maintained, combined with the current extreme panic in the market, there is a high likelihood of an accelerated downward slide.
The data also looks grim: the total global crypto market cap has already fallen below $3 trillion, and Bitcoin has dropped more than 11% this week. Large funds are watching cautiously, retail investors are panicking, and now it all depends on whether this critical support can hold.