Since reaching an all-time high of 111,970 USD, Bitcoin has been hovering near 110,000 USD, influenced by profit-taking actions from new whales who entered around 91,922 USD.
New whales accounted for 3.21 billion USD in profits, which is significant compared to 679 million USD from older wallets. This selling pressure restricts Bitcoin’s breakout above 112,000 USD.
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