Bitcoin (BTC) and major altcoins recover on Friday, trying to find a footing after four consecutive days of losses.
Bitcoin's (BTC) next move could be determined by Dolphin holders, which now collectively hold about 26% the top crypto's circulating supply, according to on-chain analytics platform CryptoQuant.
Bitcoin (BTC) is declining for the third consecutive day, trading around $110,500 at the time of writing on Thursday. The drawdown follows the largest deleveraging event in the history of the cryptocurrency industry on Friday, which continues to drag sentiment in the broader crypto ecosystem down.