The Bitcoin market is experiencing a surge in momentum, nearing its all-time high of $111,814 by breaching the $110,000 mark.
On-chain data reveals shifts in whale activity, exchange flows, and stablecoin dynamics, indicating potential market movements.
Analysts suggest a decrease in selling pressure from US-based institutional investors and whales, with signs of accumulation mode in recent months.
Exchange outflows have increased, signaling investor confidence, while stablecoin supply ratios on exchanges have trended downwards, indicating potential accumulation behavior.