Bitcoin Faces Calm Before the Storm as Market Eyes $120K Milestone

Description

Bitcoin persists in a well-defined bullish structure but recent activity in spot and derivatives markets suggests a temporary cooling-off phase. Even though there’s been plenty of price action over the past several weeks, short-term holders seem to be showing quite a bit of restraint. Broader market data implies that we’re taking a strategic pause rather than experiencing a sentiment shift. Although Bitcoin hit the $110K recently, several important indicators are now signaling a possible short-t...