Bitcoin whale activity has increased since the US election, with more Bitcoin being transferred to exchanges. However, despite this influx, there hasn't been a significant increase in profit-taking by these large holders. Instead, whales are employing a "wait-and-see strategy" and using their Bitcoin for hedging, OTC transactions, or collateral. This suggests market stability, but experts advise monitoring these movements for potential impact. The Adjusted Spent Output Profit Ratio (SOPR) metric also doesn't indicate significant profit-taking. While immediate sell-offs seem unlikely, the rise in exchange inflows may indicate future volatility. Bitcoin's price has remained steady above $95,000 despite attempts to push it lower. Trading volume has increased, but this may be due to sell-offs. One analyst sees a head and shoulder pattern forming, indicating a potential correction to $90,000 levels.



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