Bitcoin has remained above $114,000 as significant investors, often referred to as whales, continue to absorb the supply while short positions are being rebalanced. This stability in Bitcoin’s price suggests a potential bullish sentiment among major holders. With whales actively buying, market dynamics are shifting, indicating a possible support level for the cryptocurrency. The ongoing adjustment of short positions reflects traders’ strategies as they respond to market conditions. The interplay between whale activity and short rebalancing is crucial for understanding current market trends.
