Bottom line Up Front: Structure > noise. With illiquid supply at ATH, policy gates opening, and balance-sheet demand compounding, dips still look like liquidity resets—unless a large whale supply event or a failed $118K retest flips the tape. Keep alerts at $118K (breakout/failed breakout), watch ETF/ETP net flows, and mind alt rotations as SOL/XRP/DOGE…
🌙 Liquidity Squeeze, Policy Greenlights: Can Bitcoin Clear $118K and Run the Table?
Price is up, supply is tighter than ever, and the ETF/ETP pipeline just widened—yet traders see a single whale move as the near-term swing factor.
