The price of Bitcoin has recently reached a new all-time high, surpassing $109,000. Whale Alert, a crypto data tracker, flagged three large transactions on Robinhood in which Bitcoin was withdrawn from the platform. Despite the high price of Bitcoin, these transactions indicate that whales are not concerned about buying the coin at its peak. The transactions totaled $162,502,588. The belief in a long-term rally and positive market factors such as the spot BTC ETF market and high demand from institutional investors suggest that these whales may be HODLing their coins. Additionally, Bitcoin's technical strength and the supply squeeze resulting from mining not meeting demand since the last halving point to a potentially massive rally in the future.



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