📈 Bitcoin could be gearing up for a new all-time high as miners tighten their grip on their holdings.

Over the past week, BTC rose about 4%, fueled by improved market sentiment and renewed optimism. Miner reserves have climbed to a weekly high of 1.8M BTC, while miner-to-exchange flows dropped 10%, signaling reduced selling pressure. Historically, this accumulation reflects confidence in future price gains.

Institutional demand is also back — spot Bitcoin ETFs saw $247M in net inflows last week, reversing prior outflows. This combination of miner hoarding and institutional buying could help BTC break resistance at $118,851, potentially pushing toward the $120K mark.

However, if accumulation slows, BTC risks sliding toward $115,892 instead.