Bitcoin Whales Mirror Retail Selling, Recovery Could Take Longer – Santiment

• Santiment’s new index shows Bitcoin and Ethereum whales selling at the same time as retail, so forced selling is not finished.
• Ethereum stays below $3,300 and under the 50-week SMA, keeping the door open to another leg lower before recovery.
• XRP still looks like the cleaner rebound play, but traders want a flush to $1.90 before chasing a move back to the $3 area.

The latest Santiment dashboard shows something traders don’t like to see at the end of a selloff: Bitcoin wallets holding 10 BTC to 10,000 BTC are reducing exposure at the same time as small holders, which means capitulation pressure is still active, not finished. 

The fear and market weakness observed in Bitcoin (BTC) has trickled down into the wider altcoin market, with the exception of privacy-centric altcoins.

Retail addresses have been offloading since the October 11 cry…

Read The Full Article Bitcoin Whales Mirror Retail Selling, Recovery Could Take Longer – Santiment On Coin Edition.