📍 BTC – Miner flow "supply locked", ETF continues to attract capital
📌 Miners are holding reserves of 1.8M BTC, while the "Miner → Exchange" flow has decreased by over 10% — a clear signal that they are not willing to sell. At the same time, Bitcoin spot ETFs attracted a net $247M last week, indicating that institutional money is still flowing in steadily.
📌 This picture sets the stage for the possibility of BTC testing $120K, but for now, it must surpass $118,851. If it cannot maintain momentum, the price may retreat to the $115,892 area to find support.