Bitcoin On-Chain Dey Show $97K Investor Wall Amid Bullish Accumulation
On-chain data show say Bitcoin get strong support level for $97,000, where 1.6 million addresses dey hold 1.14 million BTC at that price. Long-term holders dey gather more—30-day CDD don fall below 0.8—while short-term holders just dey get small 3% gain, wey reduce sell pressure. ETF inflows don slow down from 9,700 BTC per day for April to 3,300 BTC per day by late June, plus whale balances dey still increase. If Bitcoin fit bounce well from the $97K investor wall, e fit push am pass the $100,000 psychological barrier, but if e drop under, e fit go down more. Traders suppose dey watch price action and volume near $97K and main resistance at $110K, combine on-chain analysis with macroeconomic and technical indicators to know market direction.
Bullish
Di $97K investor wall plus steady accumulation from long-term holders show say buying pressure strong well well and distribution dey low. Small small unrealized gains among short-term holders and decreasing ETF inflows dey reduce sell-side risk. History don show say quiet accumulation phases dey often come before rally. If price bounce from investor wall, e fit trigger fresh bullish momentum go $100K and beyond; but if e fall below level, e be bearish sign. Generally, on-chain metrics and support cluster dey lean outlook to bullish for short and mid term.