Bitcoin is currently caught in a high-stakes tug-of-war near the $88,000 level. While price action looks range-bound on the surface, the "invisible" data tells a different story. For the first time in months, the 30-day net change in long-term holder supply has flipped positive, with over 10,700 BTC moving into cold storage. This shift suggests that the "diamond hands" are done distributing and have started absorbing the current consolidation.
We’re seeing a significant liquidity squeeze between $87,000 support and $90,000 resistance. With exchange outflows increasing, the available supply is thinning out. If the bulls can clear the $92,000 mark with volume, we might see the four-year cycle theory officially break as we push toward the psychological $100k milestone.
Takeaway: Watch the "smart money" accumulation during sideways movement; price stability plus declining exchange reserves is often the fuel for the next leg up.
How is your portfolio holding up during this consolidation phase? 📊
BTC
84,221.98
+2.37%
BTCUSDT
Löpande
84,180.8
+2.36%