Here’s Why The Bitcoin Price Crashed After Hitting $125,700 All-Time High
Bitcoin’s wonderful rally to a new all-time high of $125,700 on Sunday was met almost immediately by a sharp correction. This sudden pullback, which is expected given the all-time high, saw Bitcoin break below $123,000 in less than two hours after the new record. Interestingly, on-chain data shows a notable increase in whale activity during and after the all-time high to and from exchanges. One such example is a massive $200 million Bitcoin transfer into Binance, a move that appears to have been a calculated profit-taking action by a whale address. Whale Profit-Taking Contributes To....
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