The price of Bitcoin has reached an all-time high weekly closing price, surpassing $107,000, paving the way for new highs. Meanwhile, short sellers have intensified their actions, causing the price to fall below the opening range of the previous day, raising concerns about future price trends. On the other hand, the liquidity range of BTC has entered a critical phase, and the fierce conflict between bulls and bears may be seen as a means to compete for dominance in the coming days.

Since the price of BTC rebounded from a local low, both whales and bulls seem to have become more optimistic. As a result, more bullish traders have been given significant leverage. This has led retail investors to become bullish on Bitcoin, which strongly pushed up the price of BTC, almost reaching its peak. Worryingly, these whales have begun to take profits, which seems to be the main reason for the current decline in BTC.