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Bitcoin Caught Between $100K Support and $110K Resistance as Traders Eye Breakout

  • Bitcoin is trading between $100k-$110k with the all-time high acting as resistance and support holding near $98k-$99k.
  • Whale behavior has shifted towards distribution, with a decrease in open interest and mid-sized holders selling off BTC since late June.
  • Retail participants are increasing their holdings, with short-term holders acquiring around 382,000 BTC in early July.
  • US spot Bitcoin ETFs are seeing continuous inflows, indicating growing interest in Bitcoin despite its current price around $108,767.

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