Whales are sending less Bitcoin to exchanges. Sell pressure is dropping while price holds. $BTC supply on exchanges is drying up.

#BTCUSDT UPDATE:

Bitcoin is currently trading around $74,700. After a rejection, it is again trying to break the resistance zone of the ascending triangle. So the possible scenarios are: If the price pumps and breaks out of the triangle successfully, then we may see bullish momentum in Bitcoin. Otherwise, if it rejects from here again, then we may see bearish momentum in it, and it can go towards the lower support trendline. Keep an eye on it and stay tuned with us for further updates.

#ETHUSDT UPDATE:

Ethereum is also testing an important resistance zone on the daily timeframe. So the possible scenarios are: if the price successfully breaks the resistance zone, we can see some bullish movement in Ethereum; otherwise, if it rejects, it can dump towards the lower support trendline. Keep an eye on it and stay tuned with us for further updates.

Bitcoin whales are accumulating at the highest rate in two months.

Wallets holding 1,000–10,000 $BTC have pushed their total supply to the highest point since mid-February.

-Santiment

ETFs and digital asset treasuries now hold nearly 12% of Bitcoin’s circulating supply.

Traditional finance is locking up more BTC than ever.

#BTCUSDT UPDATE:

Bitcoin is currently trading around $75,600. It is now trading inside an uptrend channel on the hourly timeframe. So the possible scenarios are: if the price pumps from the support trendline, then it may go towards the upper resistance trendline. Otherwise, if it dumps and breaks down the channel, then we may see short-term bearish momentum. Keep an eye on it and stay tuned with us for further updates.

Almost 77% of the $773M in 24-hour liquidations came from shorts.