Bitcoin faced intense selling pressure this week with over 40,000 BTC hitting exchanges, but it managed to stay above 110,000 USD. The flat funding rates and rising open interest on platforms like Bybit suggest that the market remains stable despite the sell-off.
The ongoing demand and buyer confidence in Bitcoin indicate a balanced market. Even with older wallets reactivating, the market remains resilient with little sign of forced selling, preventing a collapse from profit-taking.
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