Bitcoin’s price reached an all-time high of 112,000 USD, driven by whale activity that countered retail selling. Despite 52,048 BTC, valued at approximately 5.7 billion USD, flowing to exchanges, prices remained resilient due to whales’ strategic holding.
Retail investors holding 1-10 BTC are increasing market supply through selling, intensifying volatility. In contrast, large holders are accumulating BTC, which stabilizes prices and supports the bullish trend.
A critical support level around 110,000 USD is emerging for Bitcoin. Sustaining this level is vital for maintaining upward momentum, with the potential to breach the recent high of 112,000 USD if market conditions remain favorable.
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