$127K in sight for Bitcoin? What’s next as BTC rises amid drying supplies
2025-07-14 19:07:41
Main Idea
Bitcoin is approaching the $127,000 target due to increased whale activity, reduced exchange outflows, and declining miner pressure, signaling a bullish market structure.
Key Points
1. Bitcoin nears the $127,000 target, trading around $122,400, with whale inflows surging 195% in seven days and 547% in 90 days.
2. Exchange netflows are significantly negative, with 2.82K BTC exiting centralized platforms, reducing sell-side liquidity and supporting a bullish outlook.
3. The Puell Multiple dropped 11.39% to 1.27, indicating reduced miner selling pressure and reinforcing the bullish structure above $100K.
4. The NVT Golden Cross rose 31% to 0.94, suggesting Bitcoin’s network is undervalued relative to transaction volume, signaling potential organic growth.
5. Bitcoin’s proximity to the +1.5σ MVRV band and strong fundamentals suggest a bullish setup, though caution is advised near overvaluation levels.
Description
Bitcoin nears $127K target as whale activity and on-chain signals align with bullish momentum.
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