🟦After a brief rally that pushed Bitcoin to $111,000, the world’s largest cryptocurrency slipped back below $108,000 as whales moved over $600 million in BTC to exchanges, adding sell pressure and prompting profit-taking among retail traders.
🟦The decline coincided with cautious remarks from the U.S. Federal Reserve about the pace of monetary easing, which cooled appetite for risk assets. Despite the pullback, on-chain fundamentals remain solid, and long-term holders continue to accumulate, signaling that broader confidence in Bitcoin’s long-term trajectory remains intact.