Bitcoin (BTC) has just broken past $121,000, setting a new milestone in this unstoppable bull run!
Here’s what’s driving the surge:
✅ Whale accumulation: Big wallets are moving BTC off exchanges into cold storage. Supply is tightening while demand soars!
✅ ETF inflows: Spot BTC ETFs continue to see record-breaking inflows from institutional players.
✅ Short squeeze: As BTC broke $120K, overleveraged shorts got liquidated, adding rocket fuel to the move.
✅ Positive macro sentiment: Stocks are green, the dollar is soft, and investors are piling into risk-on assets.
📊 Key numbers:
• Major support: $118K–$120K
• Next resistance: $125K–$128K
• On-chain data: Funding rates are heating up — watch for possible pullbacks if things get too frothy.
🔥 What’s next?
If the bullish momentum holds and whales keep accumulating, BTC could eye $125K–$135K in the coming days.
🔍 Pro tip: Track funding rates and whale wallet moves closely — the market loves to surprise!