Bitcoin whale accumulation returns: Can traders survive the $120K shakeout?

Key Points

1. Bitcoin whale accumulation has returned to levels not seen since December 2024, supporting the ongoing rally.

2. Bitcoin's stock-to-flow (S2F) ratio has increased by 37.5% to 795.8K, indicating tighter supply and potential bullish momentum.

3. A net inflow of $9.51 million into spot exchanges suggests possible near-term profit-taking by traders.

4. The MVRV ratio of 147.63% indicates most BTC holders are in profit, increasing the likelihood of profit realization.

5. Leveraged positions clustered near $120K could trigger volatility, with a break above potentially causing short squeezes and a rejection leading to sharp corrections.