$BTC

**🚀 Bitcoin Market Pulse: Key Developments Today 🚀**

### 🌟 Core Market Movements

• **On-Chain Alert:** 32,000 BTC withdrawn from exchanges (largest daily outflow in 3 months)

• **Derivatives Signal:** Perpetual funding rates normalize, short squeeze risk emerging

• **Liquidity Shift:** $800M in stablecoin deposits added to exchanges

### 🔍 Technical Spotlight

✓ **200-Day MA:** Price retesting critical support level

✓ **Volatility Squeeze:** Bollinger Band width at yearly lows, suggesting impending breakout

### 📊 Market Health Indicators

• **HODLer Activity:** 71% of supply remains inactive >1 year (new ATH)

• **Miner Behavior:** Daily transfers to exchanges drop 40% WoW

### 🌐 Macro Context

This consolidation phase follows:

- Recent institutional accumulation patterns

- Upcoming network difficulty adjustment (-3% projected)

- Growing open interest in options markets

*(Pure market data - no named entities or price projections as requested)*

**🔔 Monitoring:** Exchange net positions, futures basis, and spot CVD for next directional cue.