Bitcoin Edges Towards $120K, But Is It a Bull Run or Bear Trap?

After a steep sell-off last week, Bitcoin (BTC USD) prices are showing signs of recovery. The world’s largest cryptocurrency has seen a slight gain of 0.62% over the past 24 hours, currently trading around $113,161, a 3.45% increase from Monday’s low of $109,448. ‍ On-chain activity suggests a mix of retail investors, long-term holders, and institutional traders are driving the recovery. However, prices remain volatile and stuck between $109,000 and $115,000. Two key metrics show a mixed picture – retail buying remains strong while institutional selling persists.