<ul><li>Bitcoin has reached a new ATH above $111,000 driven by increased investor confidence and record spot BTC ETF inflows.</li><li>On-chain data indicates euphoric sentiment, with volatility expected around the key $120,000 level.</li><li>Glassnode's analysis shows rising investor profitability, surging trade volume, and increased futures open interest.</li><li>Experts warn of potential volatility and caution due to unresolved macroeconomic uncertainties despite BTC's recent price consolidation around $107,728.</li></ul>

Bitcoin Enters Euphoria Phase: On-Chain Data Signals Volatility Ahead at $120K

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