$BTC

🔍 On-Chain Insights

Exchange Reserves ↓: Exchange-held BTC dropped ~11,100 BTC last week (–0.46%), hitting multi-year lows—indicating fewer coins available to sell and strong accumulation pressure.

Long-Term Holder Dominance: Long-term holders now control ~74% of supply, the highest level in 15 years—a strong sign of conviction and reduced circulating supply.

Dormant Wallet Activity: Movement from century-old wallets—like 20,000 BTC from 2011-era addresses—signals HODLer repositioning, not dumping, implying market stability.

📈 Technical Take

Base Range: BTC currently trades between $108K–$110K, holding above 200‑day MA (~$96K) and near 50/200 golden cross, confirming longer-term bullish momentum.

Immediate Resistance: A breakout above $110K–$112K could trigger the next leg toward $114K–$120K, with upside potential to $143K–$150K+ if broader trends align.

Indicators: Rising RSI and funding rates point to bullish sentiment, though flat spot volume suggests a wait-and-see period before decisive moves.

✦ Summary & Strategy

Fundamentals are strong: Accumulation trends, low exchange reserves, and HODLer dominance signal a tight supply backdrop.

Watch the $110K–$112K zone: A sustained break above this area on high volume could ignite a powerful rally.

Manage risk: Expect occasional pullbacks to $105K–$107K as profit-taking occurs, but supply dynamics offer structural support.

Bottom line: On-chain metrics and technical signals align with bullish conditions for BTC. A breakout above $112K could mark the start of a significant new leg higher—so keep a close eye on that range.