Bitcoin is consolidating just below its all-time high, hovering around $109,000 with a 1.9% gain.
On-chain data suggests potential changes in Bitcoin's trajectory, with a focus on supply dynamics and institutional demand.
Bitcoin exchange reserves have dropped to multi-year lows, indicating decreasing selling pressure and historically preceding price expansions.
Binance dominates whale transaction flows, serving as the primary venue for large-scale BTC movements, indicative of strong liquidity and infrastructure.