$BTC

📈 Bitcoin appears poised for a fresh all-time high as miners tighten their grip on their holdings.

Over the past week, BTC climbed around 4%, driven by improved market sentiment and renewed optimism. Miner reserves have reached a weekly peak of 1.8 million BTC, while miner-to-exchange outflows declined by 10%, indicating lower selling pressure. Historically, this kind of accumulation signals confidence in future price appreciation.

Institutional demand is also making a comeback — spot Bitcoin ETFs recorded $247 million in net inflows last week, reversing previous outflows. This powerful mix of miner hoarding and institutional buying could help BTC overcome resistance at $118,851, potentially pushing it toward the $120K milestone.

On the flip side, if accumulation weakens, BTC may retrace toward $115,892.