Bitcoin’s Battle Below $100K Hints at New ATH

Bitcoin (BTC) is struggling to hold above 100K, but on-chain metrics suggest that a new all-time high (ATH) could be imminent. After last weekend’s drop to 91K, BTC is now trading at $97,943, down 0.24% in the last 24 hours.

Key On-Chain Trends Signaling a Breakout:
📉 Bitcoin Exchange Reserves Are Declining – BTC is flowing out of exchanges, reducing available supply and limiting sell pressure.
🐋 Whale Accumulation Spikes – Since Feb 3, large transaction volume jumped from 40.8B to 67.3B, showing renewed interest from big investors.
📊 Netflow Hits Yearly Low – BTC outflows exceed inflows, meaning more coins are being moved to private wallets, reducing selling pressure.
💰 ETF Inflows Surge – 2.5B poured into Bitcoin ETFs over the past two weeks, further driving demand.

Will Bitcoin Finally Break 100K?
🔼 If BTC breaks past 100K, buyers could push the price to 105K–109K.
🔽 If BTC stays below EMA20, sellers may target 95K before the next rebound.

With RSI at 39, Bitcoin is vaguely positioned for a potential price increase. The next few days will be critical—will BTC smash through 100K, or will bears hold the line?