#Bitcoin recently surged above $120K, close to its $123K all-time high, fueled by strong investor interest and policy support.
Large whale transactions are low, showing big holders are mostly holding, while retail activity grows.
Market waits on U.S. CPI data, which could trigger volatility and decide if $BTC breaks higher or pulls back near $110K.
Overall, the rally looks healthy, with room to run if inflation data favors rate cuts.
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