Bitcoin surged to $113,900, bouncing back from weekly lows with bullish divergences. Whale-sized entities sold 147,000 BTC since August, creating supply pressure. Bitcoin options implied volatility hit multi-year lows, suggesting a potential explosive move. Traders are cautiously optimistic, awaiting confirmation of a shift to bullish structure above $113,400.

Large Bitcoin holders have sold 147,000 BTC worth $16.5 billion since August’s all-time high. Implied volatility is at a two-year low, signaling a potential upcoming significant move. Market indicators show low volatility and limited selling pressure, hinting at a quiet period before a storm. The market is balancing whale-driven distribution with tightening supply.

Read more at CoinTelegraph: Bullish Divergences Push BTC to $113K As Whales Sell Supply