Bitcoin (BTC) experienced a swift correction after reaching a new all-time high of $123,000, triggered by significant profit-taking from major whales and miners. CryptoQuant data reveals that on July 15th, miners moved 16,000 BTC to centralized exchanges (CEX), coinciding with the movement of approximately 80,000 BTC from a large whale wallet. This simultaneous activity suggests a coordinated strategy to capitalize on the record high. The resulting selling pressure pushed Bitcoin down to $118,200. This behavior is common in bull markets, as early investors and miners often seek to realize gains after substantial price appreciation. Market participants should be aware of these potential corrections following significant milestones. Further analysis is needed to determine long-term implications. ```

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