Key dishes to remember 🐋: Whale entries surged 195% in a week, backing BTC at $127,000. Exchange exits and reduced miner pressure lessen immediate decline risk. Bitcoin nears upper MVRV pricing limit, hinting at $127,000. Prices near +2.0σ often align with market peaks, but BTC shows no signs of stopping. Merchants advised caution to avoid corrections in bullish markets.
Bitcoin whales on the rise 📈: Whales accumulating intensely, with notable increases in Netflows. Strategic accumulation during market lulls seen, aligning with lateral price movements, indicating strong belief in purchases. Continuous influx of large holders may propel Bitcoin to $127,000 resistance zone short term. Bitcoin Exchange Netflows turning negative, reflecting investor preference for holding or selling, supporting long-term bullish outlook.
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