🚀 Has the real Bitcoin explosion begun?
Bitcoin $BTC is now trading above $120,000, approaching its all-time high of $123,000, with a strong weekly performance of 5.1%. But the most important question: Has the rise ended? Or has the big breakout not started yet? 📈🔥
🧠 On-chain data from CryptoQuant shows that whales are not selling, but holding their positions. In July, we saw massive USDT transfers exceeding $5.8 billion followed by minor corrections, but now the absence of these transfers indicates readiness for a new breakout.
📊 Analysis of Bitcoin futures contracts reveals that retail investors are driving the momentum, while institutions are waiting for the right moment. This balance between retail and whales may pave the way for a sudden rise.
🏦 The Japanese company Metaplanet purchased 518 BTC worth $61.4 million, raising its holdings to over 118,000 Bitcoins, which boosts confidence that the market is still in a phase of institutional accumulation.
🎯 If the 123K level is breached, the path to 130K then 160K could be open, especially with expectations of U.S. interest rate cuts in September.
📌 Bitcoin is still in a growth phase, and the momentum is not over yet. Whales are watching quietly, and indicators suggest that the real explosion may be closer than we think.
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