Bitcoin Supply To Binance Hits Cycle Lows – Investors Hold Through ATH Test

Key Points

1. Bitcoin briefly broke its all-time high, hovering just below the $112,000 resistance level, with bulls in control but awaiting a decisive breakout.

2. Exchange inflows to Binance are at cycle lows (4,600 BTC daily), indicating investors are holding rather than selling, reflecting long-term conviction.

3. BTC price action maintains strong support above $109,300, with key moving averages (50-day, 100-day, 200-day) confirming bullish momentum.

4. Volume has not significantly expanded despite the new high, suggesting the move lacks full conviction; a clean break above $112,000 could trigger price discovery.

5. Failure to break resistance may lead to further consolidation, while holding support could signal continuation of the bullish trend.