Bitcoin saw a 4.21% drop to 115,444 USD after a whale liquidated over 80,000 BTC. This move was facilitated by Galaxy Digital across major exchanges, raising concerns over market stability.
Despite the selling, analysts believe that institutional buyers will stabilize the price, indicating confidence in long-term growth, as they absorb Satoshi-era distributions.
Technical analysis shows a bullish falling wedge pattern suggesting a potential price breakout targeting 125,000 USD. This could lead to new all-time highs for Bitcoin.
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