Will Whales Push Bitcoin to $110,000? Obstacles Remain Despite Strong Rally

Bitcoin is nearing a new all-time high, but profit-taking by major crypto wallets and political uncertainties are creating a volatile market. Recent data suggests that whales have offloaded approximately 50,000 BTC over the last 10 days, signaling a potential shift in sentiment. This coincides with growing institutional investment and increasing Bitcoin dominance, suggesting the possibility of a new rally before altcoins experience a buying season (altseason). However, challenges remain. The Fed’s decision to keep interest rates unchanged adds uncertainty while Trump’s trade war continues to weigh on market sentiment.