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Analyst Sees a Bitcoin Market Shift — Here’s What’s Happening

  • 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.

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