Bitcoin’s STH cost basis suggests $117K is the next stop for BTC price

Financial analyst Jeff Walton says Strategy’s odds of S&P 500 eligibility hinge on Bitcoin’s ability to remain above $95,240.

Bitcoin moved closer to its all-time high today, but several data points suggest pro traders are not on board yet.

Bitcoin trades near key support at $104,000, but weak volume, fading onchain metrics, and sticky inflation point to more price…