Bitcoin (BTC) is showing signs of strength that suggest it could be in for a breakout year. Open interest in BTC futures hits all-time high: This indicates that traders are betting on a rise in the price of BTC. Exchange-held Bitcoin lowest in five years: This is a bullish sign, as it means that investors are holding onto their BTC rather than selling it. BTC spot ETF inflows surge: This is another bullish sign, as it shows that institutional investors are interested in buying BTC. Accumulation momentum builds on-chain: This means that more people are buying BTC than selling it and are hodling the coin. * BTC breaks above 200-day SMA: This is a technical indicator that suggests that BTC is in a bull market.
Overall, these signs suggest that BTC is poised for a breakout year.