Bitcoin's momentum has led to a new all-time high of over $111,000, although it has slightly retraced to $108,499 currently.
Increased on-chain signals suggest large players are re-entering the market despite the short-term price decline.
Analysts are closely monitoring whale activity on exchanges like Binance, with a surge in whale movement indicating potential upcoming volatility.
Positive shift in spot market behavior, particularly the dominance of market buy orders, suggests renewed buyer interest in Bitcoin, signaling a potentially bullish trend ahead.