Current Bitcoin 112,277, down about 1.34% in the past 24 hours, with a high of 114,004 and a low of about 112,277 during the day. The price has retreated from recent highs, and volatility is becoming more active.
A long-term holder, referred to as an 'old whale,' recently sold about 80,000 BTC, worth approximately 900 million to 960 million USD, cashing out after holding for over a decade. Despite the significant selling pressure, the market only briefly dipped by about 1%, quickly rebounding, indicating increased market liquidity and enhanced institutional absorption capacity.
This selling mainly came from 'new whales'—large holders who have accumulated their positions recently. They took profits in batches after Bitcoin broke through approximately 120,000 USD, with total market cap profits in the range of 600 million to 800 million USD.
Operational Suggestions
If Bitcoin falls below 112,000: consider entering with a small position, setting a stop-loss around 110,000;
If the price rebounds above 115,000: can consider lightly chasing long, with a target focusing on 118,000 to 120,000;
For long-term holders: inclined to continue holding, it is recommended to keep the overall position within 15% of total assets.
