Bitcoin Exchange Netflow-to-Reserve Ratio Highlights Bullish Accumulation Phase

According to Bitcoinist.com: Bitcoin's recent consolidation below $100,000 has left investors uncertain about the short-term outlook, but key metrics like the Exchange Netflow-to-Reserve Ratio suggest strong accumulation and a promising long-term trajectory.Key Insights from the Netflow-to-Reserve RatioAccumulation in Progress:A negative netflow-to-reserve ratio indicates more BTC is leaving exchanges than entering, signaling long-term holding behavior.This trend reduces the supply of Bitcoin on exchanges, often paving the way for price increases.Historical Context:During the 2022 bear market, Bitcoin plummeted to $17,000. Savvy investors capitalized on panic selling, marking the bottom and setting the stage for a subsequent bull market.The current market shows similar accumulation patterns despite volatility, reinforcing a bullish outlook.Long-Term Confidence:Investors moving BTC into private wallets demonstrates confidence in Bitcoin's future value, aligning with growing institutional interest.Bitcoin's Current Technical OutlookPrice Levels:Bitcoin is trading at $94,800, maintaining resilience above the critical $92K support level.The next challenge lies in reclaiming the psychological $100K mark, which could signal a renewed rally.Key Support and Resistance:$90K Demand Zone: Historically a strong support area, critical for preventing deeper corrections.$100K Resistance: A breakout here could confirm bullish momentum and set the stage for further gains.