Bitcoin Hits New Highs, CME Gap & Whale Activity Drive Market Discussion

Bitcoin (BTC) reached new heights this week, surging past $122,000 and sparking discussions about the upcoming CME gap. Analysts are weighing in on whether this surge will lead to a retracement or continue upwards, with many speculating on a potential fill of the newly created gap. Meanwhile, trader sentiment suggests that large-scale profit-taking might be delayed due to the lack of substantial USDT transactions from whales, despite price action signaling a potential reversal.