🚀 $BTC : a strong institutional and on-chain dynamic

The price of Bitcoin remains solid above $104,000, even as it encounters resistance in the 108,000–109,000 zone. Technical indicators reveal a compression phase, signaling a possible explosive movement in either direction.

🐋 Whales and accumulation: a bullish signal

Addresses holding more than 10 BTC have increased by 231 in ten days, while small wallets (less than 10 BTC) are declining, indicating a repositioning of major players. Similarly, 'whale' wallets (> 1,000 BTC) show a +2.3% increase over a month — a behavior typically observed before bull runs.

📈 Institutional adoption and treasury strategies

About sixty non-crypto specialized companies are now adopting treasury strategies in BTC, similar to Strategy (formerly MicroStrategy), and following Tesla, SoftBank/Tether, or Trump Media. These companies are financing their purchases through convertible debt or fundraising, which gives a new strategic dimension to BTC as a treasury asset.

🌐 Macro perspective and implications

Geopolitical tensions and the weakness of the dollar reinforce Bitcoin's positioning as a safe haven, amplified by massive institutional flows (via IBIT, BlackRock…). The pro-crypto regulatory momentum in the United States (strategic reserve, stablecoins) accentuates this trend. $BTC