The number of wallets containing 1 Bitcoin or more has decreased by 5000 wallets since March. This means that individual investors are in a profit-taking phase, but despite that, the price continues to rise due to increased demand from institutions, which are often not compelled to sell for profit-taking, leading to a decrease in supply and an increase in demand.
Therefore, a significant correction or drop in price is unlikely.
Bitcoin has surpassed $100,000 despite profit-taking, indicating that there is enough demand to push the price higher.
The decrease in the number of wallets containing 1 Bitcoin does not indicate a drop; rather, it is evidence of a shift in power to institutions. We are in a phase of smart accumulation, and a strong rise is coming.
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