Analyzing the recent decrease in Bitcoin profits and its impact on the market. Will the bear market trend lead to a recession? Discover more about Bitcoin market dynamics.
At the beginning of the current month, the price of Bitcoin (BTC) was around $102,398.17 but has since faced a 5.77% decrease. Large Bitcoin holders made less profit this month compared to January. Despite a decrease in profits, the Bitcoin market has not experienced significant price drops in February. This stability indicates that whale sellers have controlled the pressure and refrained from extensive selling, showing their long-term confidence in Bitcoin prices.
