Bitcoin is anticipated to consolidate after short-term traders realized $11.6 billion in profits amidst market reactions to Trump's tariff announcement on EU imports. Recent data indicates that short-term holders, generally considered traders, have seen profit-taking peak at $747 million daily, coinciding with Bitcoin reaching an all-time high of $111,800. This profit-taking behavior suggests a potential market top, as excessive realization of profits can create supply resistance that halts upward price movement. Technical indicators reflect a cooling momentum, with Bitcoin's price momentum declining by 38%. Retail sentiment is notably low, with only 31.59% of accounts in long positions. Despite recent volatility triggered by geopolitical factors, traders remain optimistic, viewing any corrections as buying opportunities. Currently, open interest is at a 90-day high, indicating significant market activity.

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