$BTC While profit-taking is substantial, it has remained below all-time highs, suggesting further room for further gains before potential demand exhaustion is reached. Sell orders are particularly high around $93k and $95k, suggesting that many traders are willing to take profits at these levels, but despite the market tensions, Bitcoin has been rallying above the $80k mark, driven by ‘FOMO’ and large buy orders between $88k and $85k.

However, large players or ‘whales’ are taking advantage of this elevated price to sell their positions, as evidenced by the substantial sell volumes. The gaps in buy orders indicate that a liquidity squeeze may occur, potentially resulting in more extreme price movements as supply adjusts to demand. This suggests that while the market is bullish, there is caution among large investors about the sustainability of this rally