On-chain Data Interpretation — Whales Continue Accumulating Near 63k, Rebound Has a Foundation

Prices can be manipulated, but on-chain data does not lie. During this #比特币回升5% process, several key on-chain indicators are worth noting. First is the exchange net flow: in the past 24 hours, centralized exchanges saw a net outflow of about 8,500 BTC, the highest daily outflow in nearly a week, indicating a large transfer of BTC to cold wallets — a typical long-term holder accumulation behavior. Second, the number of addresses holding 100-1,000 BTC increased by 0.4% over the past three days, showing that medium-sized whales are actively positioning.

Another important indicator is the Miner Position Index (MPI). Currently, MPI is at 0.25, near a historical low, indicating miners are not selling during the rebound but are instead waiting for higher prices. Overall, this #比特币回升5% has a solid foundation of genuine chip accumulation, not just a short-term short squeeze. Regarding resistance levels, according to URPD data, there is about 120k BTC trapped in the $65,000-$66,500 range, which is the first test for the rebound. If broken through, the vacuum zone above could reach up to $68,000.

In terms of trading strategy, I will follow the whales' rhythm: place buy orders in batches between $62,000 and $63,500, avoiding chasing highs. If the price retraces to around $61,000, increase dollar-cost averaging. On-chain data indicates that medium- and long-term holders remain confident, and short-term volatility does not alter the upward trend. #比特币回升5% might just be the beginning.

#比特币回升5% $BTC