#BTC🔥🔥🔥🔥🔥 $BTC
Bitcoin in accumulation mode: Are the whales preparing for the next big leap?$BTC
Bitcoin (BTC) has shown solid consolidation above $85,000, and although the price has not yet surpassed recent all-time highs, market signals indicate that something big could be on the horizon.
What's happening behind the price?
Whale accumulation:
On-chain data shows that addresses with more than 1,000 BTC have been increasing their positions in recent weeks.
Reduction of supply on exchanges:
The amount of BTC available on centralized platforms continues to decrease, indicating less selling pressure and more intent to hold.
Recent halving:
The last Bitcoin halving occurred just a few days ago. Historically, the months following a halving have been triggers for bullish cycles.
Institutional interest:
Bitcoin ETFs like those from BlackRock continue to accumulate BTC despite price corrections.
What could we expect?
If this accumulation phase continues, we might be seeing the floor before a new rally towards $90K or more. However, the key will be to observe the volume, macroeconomic news, and institutional adoption.
What do you think?
Do you believe Bitcoin is revving up for a new ATH? Or is there still a correction needed before taking off?