Bitcoin price remains steady above $108,500 despite a whale sell-off of over 500,000 BTC worth more than $50 billion.
Institutional demand is reported to be absorbing the excess supply, supporting Bitcoin's resilience and potential for an uptrend towards key resistance levels.
Institutional entities have acquired nearly 900,000 BTC over the past year, marking a shift towards Bitcoin as an institutional-grade investment and collateral.
Prediction markets reflect optimism, with rising bets on Bitcoin reaching $150,000, driven by increased institutional participation and positive sentiment surrounding Bitcoin's future.