⚡CryptoQuant analysts caution about potential Bitcoin sell-offs due to activity by major holders. Nevertheless, BTC exchange balances have dropped to 2.46 million coins, marking their lowest levels in years, which helps maintain the supply-demand balance.
⚡Since Donald Trump’s victory, users have withdrawn over 171,000 BTC from exchanges, while retail investor interest has surged to its highest point since 2020. This explains Bitcoin’s resilience, even amidst profit-taking by long-term holders.
⚡Trader Rekt Capital is confident in BTC recovering above $96,400, citing liquidity capture without a trend reversal. Projections by Bitfinex and ARK Invest suggest Bitcoin’s price could surpass $100,000 by year-end.