Bitcoin's price rebounds to $118,439 after a brief decline, with analysts noting increased market activity and significant profit-taking among investors.
Bitcoin has recovered to $118,439 after dropping to $116,000 due to rising inflation concerns. Analysts observed a surge in on-chain activity, with significant profit-taking resulting in $9.29 billion realized in a single day. Trader Oasis highlighted key metrics indicating strengthening market momentum, while Binance's dominance in realized flows was noted as a critical factor in market dynamics.