$BTC

Bitcoin holds steady above $100K – Accumulation signal before a big wave?

Currently, Bitcoin (BTC) is trading steadily around the $102,000 range, indicating that market sentiment has stabilized after the hot surge in early May. Although it is not breaking out strongly like last week, BTC still maintains a large influx of cash and continues to be accumulated by ETF funds and whale wallets.

On-chain data shows that the amount of BTC withdrawn from exchanges remains high – a clear sign of accumulation. Meanwhile, altcoins are beginning to show signs of recovery, indicating that BTC is 'giving way' to the altcoin market.

This is usually the 'half-time break' before BTC makes its next breakout. If it holds the $100K–$102K range, the next surge could very well push BTC up to the $110K–$120K range in June.