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.
Despite common fears that global crises spell disaster for crypto markets, new data from Binance Research suggests the opposite may be true — at least for Bitcoin.
A new report by crypto analytics firm Alphractal reveals that Bitcoin miners are facing some of the lowest profitability levels in over a decade — yet have shown little sign of capitulation.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.
Bitcoin has officially overtaken Alphabet (Google’s parent company) in global asset rankings, becoming the sixth most valuable asset in the world, according to the latest real-time market data.