#BTC
After Bitcoin (BTC) surpassed the US$120,000 mark in July, on-chain data revealed a series of significant profit-taking activities by whales.
In this context, monitoring whale behavior and the inflow and outflow of capital from major platforms will remain key to determining the next market move.
Market in Short-Term Distribution Phase
After a recent market correction, Bitcoin is trading around the US$115,000 zone. According to CryptoQuant, Bitcoin has entered the "third major profit-taking wave" of this bull cycle.
