Bitcoin recently achieved a record high of $99,800 before experiencing a slight pullback, settling around $90,000 in a consolidation phase. Despite this dip, large investors, including whales and institutional players, continue to hold their positions, showing confidence in Bitcoin's long-term potential.
CryptoQuant analyst Axel Adler notes that these key investors are refraining from selling their Bitcoin holdings, reflecting trust in the cryptocurrency's future growth and the potential to reach the $100K mark. On-chain data supports this sentiment, indicating strong belief among major stakeholders.
