Bitcoin trades at 112,600 USD, close to a breakout target of 115,900 USD. Selling pressure from miners is countered by notable exchange outflows, reflecting continued accumulation among investors.
The price remains in the consolidation phase between 104,100 USD and 114,100 USD. Key support at 108,000 USD needs to hold; otherwise, weakness may set in, along with bullish potential if the 115,900 USD level is reclaimed.
Miner outflows increased by 62%, showing selling pressure, but exchange outflows of 39.9 million USD suggest a strong accumulation trend among large holders.
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