$BTC is holding steady around $106K, but under the hood, there’s a lot going on. After reclaiming $108K last week, some signs now point to a short-term correction before any serious leg up. Let’s break it down 👇

🐋 Whales cooling off?

June saw a 50% drop in $100K+ BTC transactions — from 34K to 17K. Either whales are sitting out or quietly shifting strategies. Meanwhile, exchange outflow spiked 829%, signaling funds moving off platforms — possibly to cold wallets or alt positions.

📊 Correction incoming?

The Puell Multiple is trending down at 1.2. If it nears 0.4, that’s historically been a launchpad for major BTC rallies. For now, it hints at a possible dip before bounce.

🧮 The NVT Ratio (31.4) shows market balance — suggesting bulls and bears are neck-and-neck. Any dip might be just a breather, not a breakdown.

💰 Meanwhile, accumulation surges

Despite slowdown signals, $4.68B in BTC was scooped up in June. Most of it moved into cold storage — classic diamond hands move. July’s trend? Even stronger so far. 👀

So… is BTC just cooling off before another climb? Watch those on-chain signals — they’re louder than price action. 🔥