Bitcoin is being withdrawn from exchanges, indicating a shift in trader sentiment as more Bitcoin is being withdrawn than sent in.
Market taker buys are dominating, showing strong buying interest in the spot market with USDT reserves on exchanges also increasing.
While positive signals are seen in on-chain data and strong liquidity support, technical outlook remains cautious with BTC showing a double-top pattern.
Average trader profit figure of 27% needs monitoring as a break above 40% could signal overheated market conditions. BTC price stood at about $105,527 with high transaction volume.