Analyst: After the distribution of 80,000 BTC through Galaxy Digital and a sharp increase in the average net realized profit/loss to $3.2 billion, the current values of the metric have dropped to $1.4 billion. The market is steadily absorbing the incoming coins, and the price is hardly reacting, but this distribution may take longer as the current values of net realized profit/loss are still high.

In addition to everything, the "bears" will try to lower the price to the $110,000 mark through futures, where they currently have a slight advantage.