Key Points:

• Bitcoin continues trading above $100,000 but has difficulty achieving new highs despite strong institutional interest.
• Analyst Checkmate indicates that selling by long-term holders is influencing the market’s stagnant price movement.

Bitcoin (BTC) has maintained its position above $100,000 since early May. The only occasional drop below this threshold occurred on June 22 amidst rising tension between Iran and the U.S. However, as Bitcoin is the only market that operates continuously, price trends on weekends can be unreliable due to below-average trading volumes.

Bitcoin Market Trends

Checkmate also remarks, “Observe the suppression effects of long-term holders selling off their assets, indicating that market manipulation is at play.” This statement reflects a cyclical nature of buyers and sellers, wherein a bull market generates selling pressure regardless of price increases.

For more insights and detailed analysis, refer to Checkmate’s Twitter and his further observations on market dynamics.