<ul><li>Bitcoin reached a record high of almost $112,000 on May 22 and has remained close to that mark, keeping investors on edge for a potential breakout.</li><li>The Bitcoin Combined Market Index (BCMI) indicates a shift in sentiment, with the 7-day SMA suggesting an early upside signal while the 90-day SMA remains stable, reflecting a neutral zone.</li><li>Accumulation signals are improving, with mid-sized Bitcoin whales showing a strong historical correlation to BTC's price movements and collectively accumulating additional BTC.</li><li>On-chain analyst Willy Woo warns of a potential prolonged consolidation phase for Bitcoin if fresh buying pressure does not emerge, highlighting the importance of this week's spot market activity for BTC's direction in the coming months.</li></ul>

Key Indicator Signals Early Upside Despite Quiet Bitcoin (BTC) Market

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