BTC hasn't made much of a move, but are institutions becoming more active? 🤔
Recently, BTC has been quite quiet, with prices hovering around $114K, but did you know? Some institutions have been making frequent moves behind the scenes.
🔹 Japanese listed company MetaPlanet bought another 30,000 BTC this week, with a market value exceeding $3.6 billion, and they have been buying in multiple rounds 📈
Does this feel like 'building a position in batches'?
🔹 On-chain data shows:
Currently, over 98% of holders are in profit, but market sentiment is surprisingly calm, with no signs of 'crazy selling' 🤔
🔹 From a technical perspective:
Although there have been slight fluctuations, BTC is still stable in the support range of $112K-$114K, as if it is gathering strength, waiting for a 'new opportunity' ⚡️
💬 Let's discuss below 👇🏻
What do you think about BTC right now:
🔘 Are institutions really slowly laying the groundwork?
🔘 Or is it still a matter of short-term grinding?
🧠 Today's little knowledge
Long-term holders (LTH) have hardly moved recently, indicating that confidence is still there. And such accounts are generally the 'key drivers of a bull market'.
