Bitcoin reclaims $107K – What’s next as 3 factors align for BTC

• The miners seem to be preparing for the Bitcoin Assembly in the upcoming business sessions.
• The market behavior from whales and derivative traders also copes with the ongoing bull sentiment.

Bitcoin [BTC] It maintained its ascending trajectory and gained $ 107,000 after it gained 1.89%.

This continues up from last week, although BTC remains in a wider remedial phase, for the same period by 2.45%.

The upper activity indicates a strong possibility of further upward, supported by whale liquidity and increased activity in the derivative market.

Upper activity reflects a historical formula

Cryptoquant’s analysis Disturbing behavior revealed the bull’s creation of settings, suggesting that bitcoins can be prepared for another rally.

According to BTC.com – Mining Fund responsible for 98% of miners to Binance – gradually reduced its influx for the last month.

The historically decrease in these miners’ tributaries to binance is often preceded by bitcoin rally and vice versa.

From this writing, these tides have decreased, indicating that miners prefer to hold BTC in anticipating the rally, only when they believe that the market has reached its peak.

Ambrpto also analyzed the overall Bitcoins reserve and found a similar formula.

The reserve dropped from 574,678 BTC to 1.807 million BTC, suggesting that miners across the album hold with a long -term view.

Whale and derivatives to support derivatives

Whale traders and derivatives seem to support the bull trend that can be seen in the activity of the miner.

During the press, liquidity controlled by whales on stock exchanges increased. The whale exchange ratio increased to 0.59 – a relatively high level – increased with an increased presence of whales on the stock exchanges.

Although it is not by its essence bull, Bitcoin’s regeneration of $ 107,000 means that whales can buy.

On the derivative market, the financing rates have changed positive after two consecutive days, suggesting that more long contracts are open.

This shift in the funding rate is significant, which confirms that more long bets have been carried out on Bitcoins in Pat for 24 hours.

If this trend continues, it could mean that derivative traders will join the whales and miners in location for the main movement of the ascending price.

Activity on a string confirms growing dynamics

Nansen data shows an increase in the activity of the on-session in the last 24 hours, which strengthens the bull outlook. Active addresses increased by 21.3%and reached 535,900, confirming the increased use of the bitcoin network.

Gas gas -related fees have also increased, indicating higher usefulness of bitcoin protocols.

The permanent high use of Bitcoin on-Svezec would further strengthen the potential of assets to continue its upward market.