Bitcoin is currently trading 7% below its all-time high of $112,000, facing increased selling pressure as the entire crypto market cools down. While some analysts believe further downside could follow, others point to shifting global dynamics that may soon favor Bitcoin. Rising US bond yields and persistent geopolitical tensions are reshaping risk sentiment across financial markets, potentially positioning BTC as a hedge in uncertain times.
One key signal comes from whale activity. According to new data from Alphractal, the Whale vs. Retail Ratio has started rising again, suggesting large investors are taking on more risk while retail participants remain cautious. Historically, rising whale appetite has preceded major price rallies, as institutional players tend to act early during period