Bitcoin's price is rising steadily despite low trading volumes and muted retail investor participation.
Perpetual swap funding rates have briefly turned negative, a rare occurrence as the market nears all-time highs.
On-chain data indicates a stealth accumulation phase with decreasing exchange and OTC balances, hinting at tighter supply and increased conviction among long-term holders.
Bitcoin futures open interest is near record levels, suggesting a tightly wound market.
The combination of dwindling supply and high-leverage positions may pave the way for a volatile breakout.
BTC reached a new all-time high of $111,980 before experiencing a 10.35% correction to $100,382.
Support is seen around $100,000 with resistance at $110,000.
For further upward momentum, BTC needs to break and sustain above $110,000.
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