$BTC Bitcoin whales withdraw 110,000 BTC, is a historical high about to explode? š„
The recent surge in Bitcoin seems to be driven by the frenzied accumulation of whalesāover 110,000 BTC has been withdrawn by whales in the last 30 days! Moreover, these whales haven't stopped and continue to increase their positions. In just 48 hours, they withdrew another 20,000 BTC, clearly preparing for a larger upward movement!
Currently, retail participation in the market is low, with panic selling providing excellent buying opportunities for whales. Although the price is only 5% away from its historical high, the absence of retail investors may temporarily prevent a bubble from forming.
Technical analysis also shows that Bitcoin is approaching a critical resistance level of $106,800, and a breakthrough could potentially create a new high! However, the RSI has surged to 74, and the price may correct in the short term, so don't miss the key point!
