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Bitcoin’s price has staged a steady recovery in recent sessions, extending gains that now place BTC near a potential breakout zone. The ongoing rise has shifted market tone toward cautious optimism.
However, as bullish momentum builds, rising short-term holder profits introduce a familiar risk that could challenge Bitcoin’s advance.
Some Bitcoin Holders Exit, Others Buy The Dip
Bitcoin recently surged to a two-month high near $97,500, marking its strongest level since early November. This rebound unfolded despite a notable contraction in retail participation. Over the past three days, on-chain data shows a decline in Bitcoin holders, suggesting smaller investors exited.
At the same time, exchange balances have dropped to a...