Bitcoin Up 24% From February Lows, But Breakout in Doubt

Bitcoin (BTC) is trading around $75,000, about 24% higher than its recent bear-market low, thanks to a combination of institutional buying and geopolitical intrigue. However, on-chain data show the story is more complicated, with weaker holders offloading coins and whales sending more BTC to exchanges, casting doubt on whether we are witnessing a real trend reversal or just another bear-market bounce. Strategy’…