Bitcoin at $110K: Short-Term Profits Weigh On Momentum

Bitcoin’s price remains near $110,000 despite a 4.38% weekly gain. Recent data reveals short-term holders are cashing in on profits totaling $11 billion in the past month, contributing to a pause in momentum. Meanwhile, crypto ETFs saw substantial inflows last week, reaching a record total of $10.8 billion since the year began. BlackRock’s iBIT ETF led these inflows with $2.43 billion, claiming 3.32% of Bitcoin’s market cap.