Bitcoin has seen a price drop to 111,723 USD, indicative of a possible end to its recent bull run. Significant long liquidations have resulted in concerns over retesting lower levels like 100,000 USD, while whales appear to be reallocating their assets from BTC to ETH.
The sentiment remains mixed, with smaller holders accumulating BTC amid a distribution by larger ones. Traders are awaiting upcoming inflation data, which could reshape market expectations and influence Bitcoin’s price trajectory.
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