Bitcoin is edging closer to new highs, and signs across the board suggest it may not be long before it smashes through its previous record.
The market’s recent momentum is backed by aggressive accumulation and a sharp drop in BTC held on exchanges — both classic signs of brewing upward pressure.
On-chain data reveals that over 100,000 BTC has quietly exited trading platforms in recent weeks.
The dwindling exchange supply reflects a growing preference among investors to hold rather than sell, reinforcing Bitcoin’s scarcity narrative at a time when price is flirting with its historical peak.
Meanwhile, technical patterns point toward further upside. Analysts are watching a recurring market structure — known as the “Power of Three” — which hints at a potential breakout above $112,000. That pattern, along with bullish momentum signals like a weekly MACD crossover, adds fuel to an already energetic rally.
If Bitcoin clears the $105K level, it could trigger a wave of liquidations in short positions, potentially accelerating gains. With confidence rising and supply thinning, the stage appears set for Bitcoin’s next leap into price discovery.
Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.