🟡Bitcoin has broken above the $109,000 level for the second time this month, holding above $106,300 and maintaining a bullish trend. However, despite the technically positive setup, the market feels “flat.” According to analyst Willy Woo, the current cycle is marked by reduced volatility due to the activity of institutional treasuries, which are diverting liquidity toward stocks of companies holding BTC.
🟡This dynamic slows the typical growth pattern, including the delayed capital rotation into altcoins. Woo believes that further upside is still possible, but the rally is likely to be more gradual and extended over time.