Bitcoin May Face Deeper Correction to Fill CME Futures Gap Amid Whale Profit-Taking

Key Points

1. Significant Bitcoin whale deposits on Binance indicate major investors are repositioning holdings, with over 35% of inflows exceeding $1 million.

2. Realized profits among long-term Bitcoin holders have spiked, with 98% of circulating supply currently in profit, suggesting potential market weakness.

3. A CME futures gap between $114,380 and $115,630 may be filled, potentially driving Bitcoin's price below $115,000 during key economic events like CPI releases.

4. Analysts anticipate possible deeper corrections toward $108,000 but maintain that the overall upward trend remains intact.

5. Increased volatility from whale activity and CME gap dynamics creates a challenging trading environment, requiring careful risk management.