According to Cointelegraph, Bitcoin order book liquidity remains the decisive force for BTC price action in low time frames. After breaking through $108,000, whales and small retail investors diverged in behavior and chose to increase BTC holdings at current prices.
Bitcoin cooled its gains as Wall Street opened on June 25, with $108,000 becoming a key bull market breakout level. Data shows that BTC/USD is returning to consolidation after a rapid rise to a ten-day high.
Market participants hold different views on future trends, with small investors taking profits while whales and other major entities increase their positions. Glassnode reports show that 1-10 BTC wallets continue to distribute, while 10-100 BTC wallets are net accumulators.
TheKingfisher pointed out that $107,000 is the long position liquidation point, and Material Indicators show that all order categories except small retail traders buy when the price rises. Keith Alan observed that the price has a normal correction after $108,000, and if it falls below the 50-day SMA, he will look for the next buying opportunity.
