Bitcoin’s price has settled around the $94,000 to $100,000 range as sell-side pressure eases. This plateau comes alongside a surge in whale activity, suggesting large holders are profiting from dips. Despite some on-chain metrics showing signs of weakness, potential consolidation emerges with increased buyer interest. 14-day RSI remains oversold, but Futures CVD and Perpetual CVD have hit extreme negative levels indicating strong sell-side dominance. Market activity has declined with ETF outflows moderating. This suggests a transition from aggressive selling to more measured repositioning. While on-chain data shows a softening in transfer volumes and fee revenues, profitability metrics have weakened. Short-term holders are facing losses, suggesting caution is settling in the market. However, signals of exhaustion could indicate a potential bottom forming around the $94,000-$100,000 range. Whales, particularly those holding over 1,000 BTC, have reached a new high since early 2024. This activity suggests bullish sentiment and anticipation of future price rises. Bitcoin’s recent volatility has resulted in a significant 11.23% drop over the past week, but market conditions suggest a stabilization as sell-side pressure eases. Please note: the information provided is for general market commentary only and does not constitute investment advice.