Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Lido Staked Ether 
TRON 
Dogecoin 
Cardano 
Bitcoin whales doubled down on their BTC purchases, but long-term holder selling and resistance above $106,000 have curtailed the recovery to $110,000.
💡 DMK Insight
Bitcoin’s current price of $103,120 is facing significant resistance at $106,000, and here’s why that matters: The uptick in whale purchases indicates strong institutional interest, but the simultaneous selling from long-term holders suggests a tug-of-war in market sentiment. This duality can create volatility, especially as traders react to the resistance level. If BTC can break above $106,000, it could trigger a bullish momentum towards $110,000, a key psychological level. However, failure to breach this resistance might lead to a pullback, especially if profit-taking from whales occurs. Keep an eye on trading volumes; a spike could signal a breakout or a reversal. Also, watch for any news that might influence market sentiment, as external factors can amplify these price movements significantly. On the flip side, if long-term holders continue to sell, it could indicate a lack of confidence in sustaining higher prices, which could lead to a bearish trend. Monitoring the behavior of these holders alongside whale activity will be crucial in determining the next steps in this market.
📮 Takeaway
Watch for Bitcoin’s price action around $106,000; a breakout could lead to $110,000, while failure may trigger a pullback.
