๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ก๐ฒ๐๐ณ๐น๐ผ๐ ๐ฆ๐ต๐ผ๐๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐-๐ง๐ฎ๐ธ๐ถ๐ป๐ด ๐๐ณ๐๐ฒ๐ฟ ๐๐ถ๐๐๐ถ๐ป๐ด $๐ญ๐ฎ๐ฏ๐ ๐๐ง๐!
Bitcoin reached a new all-time high of $123,000, but fresh on-chain data shows signs of a short-term cool down:
๐น Exchange Netflow data reveals a spike in BTC moving to exchanges, often a sign of traders and some whales taking profits.
๐น This usually points to a local top, where the price might correct or move sideways as the market digests recent gains.
But hereโs why the bigger picture stays bullish:
โ Long-term holders aren't selling.
โ ETF inflows and macro trends still support demand.
โ Institutional wallets remain steady with no large outflows.
In short:
โ๏ธ Some short-term profit-taking and possible correction
โ๏ธ No sign of a major trend reversal
โ๏ธ Bullish momentum and fundamentals remain strong
๐ A healthy pause after a big rally often helps build a stronger base for the next move! ๐