$BTC Bitcoin Weekly Performance Recap

Price Action: Bitcoin traded mostly sideways this week hovering around the $104k mark. No major breakout but it held strong above key support levels.

Volatility: Slight uptick in volatility midweek as US job data came out but overall it was relatively stable compared to previous weeks.

Investor Sentiment: Still leaning bullish. Most holders are in profit and fear is low. The mentality remains strong to hold.

Whale Activity: On chain data shows some big wallets moved BTC into cold storage a potential sign of longterm confidence.

Whale Interest: ETFs continued to see steady inflows. Nothing huge but consistent demand from traditional finance is helping keep prices buoyant.

Mining: Hashrate remains high posthalving and fees were slightly elevated due to network congestion likely from inscriptions again.

Altcoins: Most alts underperformed BTC this week which usually signals a consolidation phase for the crypto market.

Next Week?: Eyes are on macroeconomic indicators. A breakout could open the door to new highs.