Bitcoin: Whale Activity Dampens Recent Surge, Signaling Market Uncertainty

Despite surging to an all-time high of $124,474 USD, Bitcoin has experienced a significant retracement of 3.5% in the past 24 hours. This downturn is largely attributed to large-scale investors known as ‘whales’ who have been executing sell-side transactions. Recent reports indicate that substantial amounts of Bitcoin—over $722 million USD—have been deposited into Binance exchange by these whales.