Whales Hold Back BTC Growth

🟦On July 4, Bitcoin saw a surge in market activity as whales began moving long-dormant coins, triggering a brief correction. Although BTC briefly touched $110,000, it failed to hold the level amid asset distribution. Accumulation indicators turned negative for the first time in six months, signaling profit-taking by large holders.

🟦Adding to the pressure, an old wallet holding 70,000 BTC mined back in 2011 was activated and moved by a single owner. While the coins haven’t been sold yet, the market reacts strongly to such events — their liquidation could trigger a sharp downturn.