๐ Bitcoin: Holding Steady, but Whales Are Waking Up
๐ Current Price: ~$107,980
๐ 24H Range: $107.3K โ $109.6K
๐ Change: -1.4%
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๐ On-Chain Signals: Mixed But Revealing
โข Two 2011-era wallets just moved 20,000 BTC (~$2.2B) โ rare whale activity, possible sell signal.
โข Whale holdings show signs of distribution, after months of accumulation.
โข Despite that, institutions bought $3.8B worth of BTC OTC during the recent dip.
โข 62% of BTC hasnโt moved in 12+ months โ long-term holders still strong.
โข Exchange reserves continue to fall = supply squeeze still in play.
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๐ Key Levels to Watch:
โข Support: $105K
โข Resistance: $110K โ Breakout could send us to $112K+
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๐ TL;DR:
Whales are moving, but institutions are still buying. Bitcoin remains in a tight range, with $105K as a key level. If $110K breaks with volume, bulls might charge again.
Stay patient. Stay sharp. Let on-chain guide you.