Bitcoin Supply Lock 80% and Technical Squeeze Signal Rally
Bitcoin dey show bullish signals as over 80% of im circulating supply don dey hold by long-term investors, wey match previous supply lock peaks wey happen before big price rallies. As of now, Bitcoin dey trade around $108,700 within small consolidation range of $107,300 to $110,600. Rising futures premium pass 5% and Deribit put-to-call ratio wey drop to 0.8 show say people dey get more confidence say price go rise. Open interest for Bitcoin futures don climb 7% last one month, show say new money dey flow inside. Crypto analysts CrediBull Crypto and Axel Adler Jr. talk say 7.7% Bollinger Bands squeeze — one of the tightest in this bull cycle — mean say direction go soon change, likely go up. Elliott Wave analysis say downside risk no too much, with possible entry points near $102,000. Main levels to watch na support at $108,000 and correct breakout pass $109,500, wey fit push price to targets $112,000, $120,000, and even $150,000.
Bullish
Dis kain news dey show say Bitcoin go rise. Short term, e tight konsolidation plus Bollinger Bands squeeze mean say breakout fit happen soon, specially if Bitcoin fit hold support for $108,000 and waka pass $109,500. Open interest dey rise, put-call ratio dey shrink, plus futures premium dey grow show say traders get better confidence for market. Long term, over 80% supply wey long-term holders lock comot reduce selling pressure and e always come before big rallies, plus Elliott Wave analysis talk say downside risk no too much. Macro factors like safe-haven demand during tariff palaver dey add support for Bitcoin. Combined on-chain metrics and technical compression value dey show say upward momentum go continue, with possible targets at $112,000, $120,000, and beyond.