Recent on-chain data shows that Bitcoin whales are shifting from a period of distributing their holdings to accumulating them again, suggesting positive momentum for BTC. This accumulation by whales could lead to increased market liquidity and potentially trigger a bullish market movement. Additionally, Binance, the largest crypto exchange, has recorded an all-time high in stablecoin reserves, indicating growing confidence and potential market movements. However, Short-Term Holder Realized Price levels are converging, suggesting a stagnation in market supply and demand, which may lead to a prolonged period of price consolidation unless there is a strong demand catalyst.



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