According to @rovercrc, two Bitcoin (BTC) wallets, dormant for 14 years, have transferred 20,000 BTC valued at over $2 billion to new addresses, a move tracked by Lookonchain. While these transfers to non-exchange wallets create market buzz, it is too early to confirm if it is for profit-taking. Simultaneously, the reason Bitcoin's price is consolidating above $100,000 instead of breaking new all-time highs is not price suppression, according to analyst Checkmate. On-chain data reveals significant selling pressure from investors who have held BTC for three years or more. Checkmate notes that these long-term holders are naturally taking profits in a bull market, which is absorbing buying demand and causing the current sideways price action, which he describes as 'boredom'. This ongoing profit-taking is the primary factor preventing BTC from surpassing its previous high of over $112,000.