The whale still holds 152,874 BTC (~$17 billion), generating uncertainty about additional sales

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• Bitcoin dropped from $116,000 to $110,680 on August 24, causing liquidations of $550 million (42% long positions)

• The price partially recovered to $112,000 after the 4.6% drop

• The decline wiped out the gains generated by Powell's dovish comments from the Fed that had pushed BTC to $117,429

• A critical support was established at $110,680 with resistance at $115,000 and $117,429

• An inactive whale sold 24,000 BTC (~$2.7 billion) after 5 years of inactivity

• 18,000 BTC have already been sold, with 6,000 BTC pending execution
$BTC

$BNB