Dados on-chain revelam sinal: o Bitcoin está a preparar uma grande jogada?

[BlockBeats] Recent exploration of on-chain data revealed an interesting phenomenon—the fundamentals of Bitcoin are quietly improving, even though the price has been a bit sluggish these past couple of days.

Let me start with a key figure: the Bitcoin balance on exchanges has dropped to around 1.8 million coins. What does this mean? Even during the 2017 bull market, it was never this low. Everyone is stockpiling in their own wallets, and the amount of tradable coins on exchanges is decreasing.

What’s even more remarkable is that, even though BTC is oscillating within a range, the inflow of funds hasn’t stopped. Just look at the realized market cap indicator—it’s still increasing every month, which means people are continuously buying, and at higher prices than before. This “buying and hoarding” state is actually quite healthy.

Some analysts have summed it up well: steady openings, more coins being hoarded, fewer coins on exchanges, and the price still holding above the real average cost… it just needs one last push. Currently, BTC is stuck in the $96,000 to $106,000 range; if it can break above the upper bound, things could look very different.

So, although things seem calm on the surface, the fundamental improvements are real. Now it’s just a matter of waiting for a catalyst to break out of this range.