Bitcoin stalls near 118,000 USD, but BTC whales are still buying – here’s why

Bitcoin is hovering around the 118,000 USD mark, with significant inflows of 2.7 billion USD into Binance. Large-scale buyers, including a Satoshi-era miner, show strong market engagement amid retail selling.

Despite profits taken by retail investors, larger entities have been accumulating Bitcoin since early 2023. Current market indicators suggest a lack of retail euphoria, and accumulation trends remain high.

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