The price of Bitcoin (BTC) has dropped below $95,000 after failing to maintain the $98,000 level. The main reason is that "whales" have transferred large amounts of BTC to Binance to realize profits. 🐋

One large whale has accumulated 11,657 BTC from March to October at an average price of $66,953 and has transferred 1,000 BTC to Binance. Although the price of BTC has slightly recovered, it remains below the important support level of $96,175.

According to Glassnode, the unrealized profit index is still at a safe level of 0.74, indicating that the market is not too hot yet. This brings hope for the continued growth of BTC. 🚀