Bitcoin wallet groups shift to net selling as market consolidates

All wallet cohorts are currently net sellers of Bitcoin, following a rally last week when various entities were buying. This shift highlights the varied behaviors of different wallet groups as they respond to market trends.

Bitcoin’s price has recently increased to around 117,000 USD, spurred by Asian trading sessions. In contrast, European markets have faced pullbacks, reinforcing the market’s consolidation around a critical support level of 107,000 USD.

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