Bitcoin hits new ATH before crashing – Will whales come to the rescue? – BitRss

• Bitcoin moved past $108,000 fueled by bullish whale and institutional activity before crashing.
• Funding rates maintain relatively low activity indicating spot dominance.

Bitcoin [BTC]  maintained a bullish stance earlier this week judging by its pursuit of price discovery. The cryptocurrency clocked a new all-time high above $108,000 on Wednesday, the 18th of December, and this fresh upside was largely aided by whale activity.

Bitcoin bullish performance earlier in the week raised hopes of potentially soaring to $110,000 before the end of the week if it sustained the momentum. The king of the cryptos attained a new historic peak at $108,364 on Wednesday, proving yet again that the bulls were still in control.

On-chain data confirmed healthy whale activity as large holder inflows grew from 619.4…