#bitcoin

🚀 Bitcoin Bounces Back to Range Highs with Strong Liquidity! 💰

Bitcoin ($BTC ) is holding strong above $120,000 after a sharp correction from its all-time high of $126,000. 📈 Market data shows a shift from bearish to neutral sentiment, with real liquidity driving the rebound.

Here’s the breakdown:

🔍 Key Insights:

• Net Taker Volume on CryptoQuant flipped from -$400M bearish to neutral, signaling balanced buying/selling pressure.

• Binance Data: Strongest buy momentum since July, with $500M+ buy volume dominating sell orders (imbalance ratio: 0.23).

• Controlled Profit-Taking: Swissblock notes no panic selling, with $120K–$121K as a key support for a healthy cooling phase.

• Whale Activity: A $360M BTC transfer by an $11B whale hints at renewed institutional interest.

📊 What’s Next? Holding above $120,000 could set the stage for the next leg up, similar to the 51% rally after April’s correction. But beware: overly aggressive buying could signal an overheated market. 🛑

💡 Takeaway: This isn’t just hype—genuine liquidity and disciplined buying are fueling BTC’s climb. Pullbacks to $120K may be prime accumulation zones. Stay sharp! 👀