Bitcoin’s supply is being pressured as institutions like BlackRock invest substantial amounts. In a single week, 635 BTC worth $60.53 million moved to an unknown wallet, while spot ETFs accumulated around 17,700 BTC ($1.68 billion), significantly tightening liquidity.
BTC is currently trading above key levels, confirming robust demand. Indicators show a recovery in momentum, with the RSI at around 63. This shift suggests a transition from absorption to expansion while maintaining price stability.
Data from Binance shows 57.11% of top traders are in long positions, reflecting bullish sentiment without overcrowding. Funding rates are positive, indicating renewed confidence among traders, and a disciplined approach to leverage reduces liquidation risks.
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