Bitcoin Hits Near All-Time Highs but Whales Hold Steady

• Bitcoin is trading at approximately $109,000, but whale investors are not exiting their positions

• The NRPL chart on CryptoQuant indicates that whales are not selling, due to the expectancy of greater gains in the future.

• Analyst Merlijn The Trader has marked a bullish flag formation, which could cause a price breakout towards $144,000.

The price of Bitcoin (BTC) has skyrocketed near its record highs, trading at around $109,000 as per the latest data on CryptoQuant. But big investors, also referred to as whales, are yet to take their profits out.

This action explains the existing market dynamics, which are presented in a detailed chart examining the Net Realized Profit and Loss (NRPL) of Bitcoin.