Bitcoin is literally trapped around $104k...



And it is squeezed tight between the 0.85 cost-basis band at $108.5K and the 0.75 band at $100.6K.

These quantile levels are where whales historically flip the trend:

+ Break above $108.5k and shorts get smoked, and $BTC enters expansion.

+ Lose $100.6K and we revisit lower liquidity pockets FAST.

It’s a compressed volatility zon eand the longer BTC sits here… the harder the breakout that follows.

I’m staring at this. Something big is loading.

Source: @glassnode
BTC1.53%
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