Bitcoin has been trading above $100,000 for more than 40 consecutive days, but remains in a sideways trend between $100,000 and $110,000. This is happening despite the increase in inflows into spot ETFs, the rising market capitalization of stablecoins, and positive news regarding cryptocurrency regulations in the USA.

Against this backdrop, the question arises: who is selling Bitcoin at these levels and holding back growth, despite the steady demand from funds?