Bitcoin's price today trades around $109,100, showcasing moderate fluctuations and interest from major investors.
Current Price and Market Fluctuations
Bitcoin price aims to break above recent resistance at $110,300, fluctuating between $108,800 and $110,550 over the past 24 hours. Over the last week, the asset has risen by 1.4%, driven by renewed institutional interest, particularly through US Bitcoin ETFs.
Whale Transactions and Liquidity Flows
Reports from Whale Alert point to several significant transactions including the minting of over 200 million USDC and 1 billion USDT. Notably, a dormant whale emerged after 14 years, transferring over 10,000 BTC to an unknown wallet. This could indicate potential market volatility, as sudden movements from long-dormant wallets often precede price changes.
Prospects for Bitcoin Price Growth
Short-term trends suggest that bulls are weakening as they approach the resistance area. Recent price fluctuations may lead to a drop to support levels below $107,000. Given the current market conditions, achieving new all-time highs may be challenging, although sudden shifts in sentiment can alter the situation.
The Bitcoin market remains dynamic, with active participation from major players and potential volatility. The prospects for further growth to historical highs will depend on changes in market sentiment and whale activity.
