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Bitcoin (BTC) continues to commerce in a variety with the native tops and bottoms coinciding with increased whale activity in the region, in line with on-chain analytics useful resource Whalemap.

The range-bound motion in Bitcoin has stored the analysts guessing and some anticipate the consolidation to proceed for some extra time, whereas others anticipate another leg lower.

A June 6 Glassnode report mentioned that the aggregated realized losses from long-term holders mirrored greater than 0.006% of the market capitalization on Might 29. That is compared to the height of 0.015% of the market capitalization reached in the course of the 2018 to 2019 bear market.

Each day cryptocurrency market efficiency. Supply: Coin360

Together with the quantum of losses, traders can also need to be ready for an extended period of subdued costs. The period of the present loss for long-term traders is just one month previous, whereas the earlier losses remained roughly for a 12 months.

Might the lackluster buying and selling motion in Bitcoin and different main altcoins proceed? Let’s examine the charts of the top-10 cryptocurrencies to search out out.