Bitcoin Hits New ATH Amid Mixed Whale Reactions
- Bitcoin reached a new all-time high of $111,880 on Binance.
- The cryptocurrency has rebounded over 45% from its April low of $76,000.
- New whales have been aggressively taking profits, increasing selling pressure.
- Old whales show minimal selling activity, indicating long-term confidence.
- The Net Realized Profit/Loss (NRPL) is lower than previous market tops, suggesting weaker profit-taking momentum.
Bitcoin’s price surge to $111,880 sees mixed reactions from different whale groups. Newer investors are taking profits while long-term holders remain confident in future appreciation. Despite the high price, overall profit-taking enthusiasm appears reduced as indicated by a lower NRPL compared to past peaks. Bitcoin currently trades at $111,500.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoin-ath-met-with-mixed-whale-reactions-whats-the-market-signal/?rand=52377
