$BTC # Bitcoin Analysis: Stability with Recent Uptrend

## Current Situation of BTC

Bitcoin shows a moderate uptrend in the last few hours, currently trading around **108,760 USDT**. Throughout the day, it has maintained solid support above 107,800 USDT, with a positive movement of approximately 0.5% in the last 24 hours.

## Key Market Factors

* **Massive Transfer Detected**: An address linked to Abraxas Capital has just moved approximately 1,000 BTC (valued at over 108 million dollars) to Kraken. Such whale movements typically generate short-term volatility.

* **Lateral Consolidation**: Bitcoin has been moving in a lateral range for several days, with important technical supports at the 50-day moving average (102,000 USDT) and the 200-day moving average (95,000 USDT).

* **Recent Liquidations**: In the last 24 hours, leveraged positions worth 12.3 million dollars have been liquidated, indicating some uncertainty in the market.

## Outlook

The market seems to be in wait-and-see mode, with investors adopting a cautious stance. However, the fact that Bitcoin maintains levels above 108,000 USDT despite whale transfers suggests underlying strength in the market. The activation of dormant wallets for 14 years (100,000 BTC) generated speculation, but it has been confirmed that this is an update of addresses and is not related to Satoshi Nakamoto.

The above information has been researched and summarized and does not constitute investment advice.$BTC