Group 1 - Bitcoin is currently trading at $106,437, experiencing a 1.1% decline in the last 24 hours and down nearly 4.8% from its historical high in May, with a consolidation range between $105,000 and $107,000 [2] - On June 16, Binance reported over $2.6 billion in profits, marking the second-largest increase in similar transactions on the platform, which significantly impacts short-term price trends [2][4] - The total profits realized by centralized exchanges on June 16 amounted to $4.5 billion, with Binance accounting for nearly 58%, highlighting its unparalleled influence on the global cryptocurrency market [4] Group 2 - Long-term holders (LTH) have been observed to sell Bitcoin, indicating a redistribution of supply, but this does not necessarily imply weakness in Bitcoin's price [5][7] - The ongoing selling by LTH has been stable, and the market appears to be absorbing the selling pressure, suggesting new demand is entering the market [7] - Increased trading activity among holders of Bitcoin for one to three years may reflect profit-taking by previous cycle participants, indicating a potential silent redistribution phase that could lay the groundwork for future price increases if buyer demand remains strong [7]