Profit-taking by BTC whales may trigger a deeper price correction, potentially dropping it to 114,000 USD. Recent whale transactions on Binance have added to market volatility, contributing to BTC’s recent 5% drop following its peak at 122,000 USD.
In addition to whales, long-term Bitcoin holders realizing profits are increasing selling pressure. With profit-taking and a CME futures gap between 114,380 USD and 115,630 USD, BTC may face further price corrections in the near future.
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