$BTC good afternoon

After the recent surge of Bitcoin to USD 106,000, BTC continues to show strength and traders seem to be targeting the USD 140,000 level as the next possible peak.

Key takeaways:

The price of Bitcoin is retracing, but strong inflows from ETFs, high network activity, and whale accumulation suggest that BTC is on its way to USD 140,000.

Spot Bitcoin ETFs recorded net inflows of USD 2.9 billion in two weeks, reflecting previous surges.

The decrease in exchange balances and a rising Z-score of transaction volume suggest increasing overall demand.