@sapstphire
Bitcoin’s consolidation above $70,000 raises a critical debate: accumulation or distribution? Historically, prolonged sideways action near all-time highs often signals smart money positioning. If long-term holders are adding, this range may represent a new base before higher moves. Conversely, rising exchange inflows or increased selling by miners could hint at distribution. Key metrics to monitor include on-chain realized profit ratios, stablecoin inflows, and funding rates. For now, the balance between ETF inflows and macro headwinds will determine whether this range becomes a launchpad—or a warning.
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