Bitcoin price has barely moved in the past 24 hours. It’s trading around $118,950, with weekly gains under 1%. While that might seem calm, the charts tell a different story.
There’s a growing pile of high-risk long trades just under current price levels. If the market slips even a bit, these leveraged positions could start liquidating fast. That’s why traders should watch this zone closely.
Spot Flows Show Confidence, but Price Isn’t Moving
Bitcoin has been stuck around the $118K mark for over 24 hours. Weekly gains are just 0.85%, which is low compared to the activity in altcoins.
But if you check netflows across exchanges, traders are still pulling BTC out. The weekly netflow chart clearly shows consistent red bars; this means more BTC is being withdrawn than deposited.
This pattern usually signals confidence. When traders move BTC to their wallets, it means they aren’t looking to sell anytime soon. But despite this, the price isn’t rising. That’s the red f
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