Bitcoin whales are cautious, holding back on major moves despite significant BTC inflows to exchanges, suggesting a potential risk of future sell-offs, per CryptoQuant analyst Onat Tütüncüler.
The aSOPR metric indicates minimal profit-taking, while BTC dominance has dropped 5.54% since Nov. 28. Traders remain skeptical about Bitcoin surpassing $100K in 2024, with some predicting eventual highs of $110K but with volatility along the way.
BTC trades at $95,809, nearing its all-time high of $99,800 on Nov. 22.
Source: Cointelegraph
