Bitcoin is nearing its all-time high, hitting $102,000 after Wall Street opened on December 12. The surge follows a $5,000 daily gain, driven by large-volume traders, or "whales," capitalizing on increased market liquidity. Despite this, sell-side pressure remains, potentially capping further price rises. Analysts suggest that short-term holder profitability should stabilize to sustain growth. Meanwhile, Bitcoin's momentum remains strong despite a surprise rise in the US Producer Price Index, with the Federal Reserve likely to cut interest rates at its December 18 meeting.