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Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

  • 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.

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