Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply

Bitcoin could potentially reach $110K as Strategy has purchased 46,233 BTC in just over a month, absorbing nearly three times the new Bitcoin supply of 16,200 BTC during the same period. This aggressive accumulation by Strategy may invalidate Bitcoin's current bear flag technical pattern.

• →Strategy purchased 46,233 BTC in just over a month, significantly outpacing new supply creation.
• →The company's buying rate absorbed nearly 3x the new Bitcoin supply of 16,200 BTC in the same timeframe.
• →This institutional accumulation could invalidate Bitcoin's current bear flag technical setup.
• →The aggressive buying pressure supports a potential price target of $110K for Bitcoin.
• →Large-scale institutional Bitcoin accumulation continues to impact market dynamics and supply availability.