$BTC Miners sold about 30,000 BTC in 20 days, increasing pressure on the market.

Bitcoin holders with less than a year of holding became more active in taking profits.

After surpassing the price threshold of $100,000, 'whale' accumulation has stalled.

Short- and medium-term investors, as well as miners, continue to exert pressure on the market against the backdrop of the first cryptocurrency's fluctuations in the range of $100,000 to $110,000. This is reported by CoinDesk analyst Omkar Godbole.

According to him, the price of digital gold has not yet shown a clear direction, despite inflows into crypto funds, growing stablecoin capitalization, and improvements in the regulatory environment in the USA.

"Bitcoin has been held above the $100,000 level for 42 consecutive days — this is a record streak. Against this backdrop, the question arises: who is selling the asset, neutralizing the capital inflow into ETFs amid increasing concerns regarding the financial situation in the USA?" — writes Godbole.

Two Prime managing partner Alexander Blum believes that Bitcoin is undergoing a shift in market landscape — speculators are gradually being displaced by long-term investors.

"It makes sense that against the backdrop of heightened geopolitical tensions, speculators and leveraged traders are being pushed out."