#CreatorPad Has the real Bitcoin explosion started?
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 major breakout not started yet? 📈🔥
🧠 On-chain data from CryptoQuant shows that whales are not selling but are 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 suggests readiness for a new breakout.
📊 Analysis of Bitcoin futures contracts reveals that retail investors are driving momentum, while institutions are waiting for the right moment. This balance between retail and whales may pave the way for a surprise rise.
🏦 Japanese company Metaplanet purchased 518 BTC worth $61.4 million, raising its holdings to over 118,000 Bitcoins, reinforcing confidence that the market is still in an institutional accumulation phase.
🎯 If the 123K level is breached, the path to 130K and then 160K may be open, especially with expectations of a U.S. interest rate cut in September.
📌 Bitcoin is still in a growth phase, and the momentum is not over yet. Whales are watching silently, and indicators suggest that the real explosion may be closer than we think.
Follow the channel #CryptoEmad for more analyses and exclusive updates
BTCUSDT
Perpetual
119,819.9
+1.01%
#BTCReclaims120K #BitcoinMomentum #WhaleWatch #CryptoQuantSignals
