Headline: $BTC at $75,000: Is the "Handoff" Complete? 🚀
$BTC is currently playing a high-stakes game of tug-of-war. While we’ve seen a solid 10% rally this month, we’re hitting a "wall of supply" around the $75,000 – $76,800 range.
What’s happening under the hood?
Institutional Absorption: Spot ETFs are still gobbling up supply (+$240M in recent sessions), but long-term holders are using this strength to exit at breakeven levels.
The "Handoff": We are witnessing a transition from old "diamond hands" to new institutional "ETF hands."
Technical View: On-chain data suggests a consolidation phase. While the momentum is bullish, keep an eye on the $72,000 support level if the selling pressure from whales intensifies.
Are you Accumulating or Taking Profits here? Let’s discuss below! 👇
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