Bitcoin whales recently cashed out 800 million USD, indicating a potential change in market sentiment. This activity raises questions about future price movements, with key support and resistance levels identified.
Currently, 82% of Bitcoin addresses are profitable, with holders averaging at 51,086.23 USD. However, some holders could face losses, increasing the risk of selling pressure if BTC prices drop.
Technical indicators, including a decrease in the Stock-to-Flow ratio, suggest possible bearish trends for BTC. The market is bracing for potential volatility amid speculation of forthcoming price corrections.
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