Bitcoin's volatility is heightened during bull markets, making significant pullbacks not unusual as the currency experiences large climbs, like its recent surge of $30,000.
The $100,000 mark for Bitcoin represents a psychological barrier that can influence market behavior, reflective of a broader trend in how traders react to round numbers.
As Bitcoin hit an all-time high of $99,500, the market's increased liquidity and profit-taking activities signify both the potential and risks involved in cryptocurrency investments.
Spot Bitcoin exchange-traded funds saw significant outflows recently, indicating a shift in demand and reinforcing the volatility often observed following major price movements.
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