🚀 Bitcoin's on a wild ride, nearly hitting new all-time highs as whales feast on sell-side liquidity! BTC/USD soared to $102,000, fueled by hefty market orders from deep-pocketed traders. Material Indicators noted whales are back, making waves without slippage.

Despite sell-side pressure, passive buyers might just push BTC to break out. However, The Bitcoin Researcher warns that short-term holder profitability needs a cool-off for sustainable growth.

Meanwhile, Bitcoin brushed off a US inflation surprise, with PPI at 3.0%. The Fed's next move? A rate cut seems almost certain. Hold onto your hats, crypto enthusiasts!