TechFlow news, on February 11, well-known trader Peter Brandt posted on social media stating, "There is no doubt that at current price levels, some large funds are withdrawing from the Bitcoin market. This is neither a bullish nor bearish comment. It's simply a fact. After all, whales have achieved a 100x return from Bitcoin over the past decade—it's time for some of them to take profits out of the market."
Previously, Peter Schiff noted that although Bitcoin's price has risen from $69,000 in 2021 to $98,000 today, its market capitalization as a percentage of gold's market cap has declined from 10.72% to 9.95%.
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