Bitcoin struggled to reclaim the $110K range, leading to a slight market collapse with market capitalization dropping below $3.5 trillion. Hyperliquid (HYPE) surged to a new ATH near $40.
Tokens like Pi, BONK, SPX6900, and Sui saw losses of 4-5%, while altcoins dipped slightly. Bitcoin whales have started selling, contributing to bearish price action.
Whales with over 10,000 BTC are selling, while smaller whales are accumulating, indicating increased investor confidence. Institutions have paused BTC accumulation.
Traders are bullish on Bitcoin expecting nominal growth and high leverage suggests a potential upward movement. Market scenario indicates bulls maintaining control despite short-term pullbacks.