Bitcoin Nears $112,000 Amid Whale Support Despite Retail Selling Pressure
2025-07-10 06:08:30
Main Idea
Bitcoin approaches $112,000 as whale accumulation counters retail selling pressure, maintaining market stability and bullish momentum.
Key Points
1. Whales (holders of 1,000-10,000 BTC) are accumulating Bitcoin, stabilizing the market despite retail selling and exchange inflows.
2. Over 52,000 BTC have moved to exchanges since early July, but whale activity has mitigated significant downward price pressure.
3. Bitcoin trades above $111,000, with $110,000 as a critical support level; holding this could lead to a breakout above $112,000.
4. Failure to maintain $110,000 support may trigger a retracement, but current whale activity favors bullish continuation.
5. Market stability is attributed to whale accumulation, highlighting their role in countering retail selling pressure.
Description
Bitcoin has surged to a new all-time high (ATH) near $112,000, driven by whale investors holding steady despite increased selling from retail holders. Retail investors with 1–10 BTC have been
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