Bitcoin continues to exhibit neutral market conditions with its heat index stabilizing at 44%, reflecting balanced sentiment between buyers and sellers. This equilibrium occurs alongside cooling realized profits, which have decreased to $1.4 billion from $3.2 billion earlier this week, indicating controlled profit-taking without triggering significant price corrections.
Heightened whale activity has become a focal point, with large holder outflows surging 178.67% over the past week. Concurrently, whale inflows increased by 70.22%, suggesting potential capital rotation or distribution among major investors. This elevated movement underscores shifting institutional positioning despite the overall neutral market structure.
Technically, Bitcoin trades near $118,000 with immediate resistance at $119,900 and support around $116,400. The Relative Strength Index (RSI) confirms weakening bullish momentum, declining from 63 to indicate reduced buying pressure. These metrics collectively point to cautious market consolidation as traders await stronger directional catalysts.