🚨 $BTC breaks above $115K — bullish or just bait? 🤔

Over 120K BTC was scooped up between $112K–$114K, showing clear signs of smart money stepping in during the dip. Now we’re floating near $116.3K, eyeing that juicy $118K+ target. 📈

But here’s the kicker: Long-term holders took $44.5M in profit over the past 48h. That’s not exactly diamond hands behavior. 🧤

🔍 Glassnode points out a thin supply zone from $110K–$116K — aka a price “air-gap.” Great for fast moves, but dangerous if momentum drops.

So what’s next?

✅ Bullish structure on lower timeframes

✅ Resistance flipped to support at $115K

⚠️ But… weak network activity + inconsistent inflows

⚠️ Spot inflow of $33M is interesting, but not confirmation

My take?

This breakout needs volume + conviction to stick. Watch the next 24–48h. If we hold $115K and demand picks up — $122K isn’t far-fetched. If not… could be a bull trap.

Stay sharp. Don’t chase. Let the market prove itself. ⚔️