Bitcoin surged to $102,000 on Dec. 12, nearing new all-time highs, as whale buying activity bolstered the market despite concerns over U.S. economic stagflation. Large-volume traders strategically absorbed sell-side liquidity, taking advantage of deeper ask levels, according to Material Indicators.
While whales drove momentum, analysts like Skew noted that ongoing sell-side pressure could still limit immediate upside. Others, including The Bitcoin Researcher, warned that rising short-term holder profitability without a reset in the market value to realized value (MVRV) metric could signal an unsustainable rally.
As passive buyers continue to accumulate, Bitcoin’s trajectory remains under watch for potential breakouts or pullbacks.
Source: Cointelegraph
