BTC Outlook～

The balance of Bitcoin on exchanges continues to decline, indicating that investors are more inclined to transfer assets to self-custody wallets. This phenomenon is generally seen as a bullish signal, reflecting an increased willingness among investors to hold Bitcoin for the long term.

Additionally, the number of wallet addresses holding large amounts of Bitcoin has increased, showing heightened activity among large investors. These trends may drive prices up in a supply-constrained environment.

With strong on-chain data and institutional participation supporting it, Bitcoin's price could reach a range of $102,000 to $140,000 by mid-2025. Some optimistic forecasts even suggest that the price could break through $180,000, especially with the push of national-level adoption.

However, technical analysis also indicates that if Bitcoin's price falls below the critical support level of $92,000, a 'head and shoulders' pattern may form, leading to a price correction to the range of $80,000 to $70,000.