Bitcoin Wallets Signal Potential Bullish Turnaround

Recent analysis suggests Bitcoin’s market behavior is changing with an increase in long positions between the $101,000 to $106,000 range. This concentration could potentially trigger liquidations if Bitcoin’s price falls below crucial support levels. However, on-chain data reveals a change towards accumulation from both retail investors and large holders, indicating growing confidence in the market. This rise could signal the beginning of a bullish reversal.