According to CoinDesk analyst Omkar Godbole, the main pressure on the Bitcoin market, which fluctuates in the range of $100,000–$110,000, comes from short- and medium-term investors, as well as miners. After a rapid rise from $78,000 over two months, coin holders with less than a year of holding actively take profits. 'Whale' accumulation has slowed down after reaching the $100,000 mark, and miners, according to IntoTheBlock, sold about 30,000 BTC over 20 days.
Markus Thielen from 10x Research notes that long-term investors have also started selling, particularly due to the stabilization of demand for ETFs. Sales volumes reached $1.2 billion in a week, which is hindering price growth. At the same time, Benjamin Lilly from Jarvis Labs points to the attractiveness of alternative strategies, such as delta-neutral positions with annual yields of 15–30%, which distract investors from buying $BTC .
Despite the pressure, support at the $102,000 level remains strong, while resistance is at $107,000. Analysts predict a possible breakout after consolidation. Keep an eye on market news to stay updated!
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