🚀 Bitcoin Smashes $113K ATH With Paper-Thin Sell-Side Liquidity—Is This the Rocket Fuel for the Next Leg Up?

Bitcoin just punched through $113,000 like a hot knife through institutional FUD—but here's the kicker: order books look emptier than a Wall Street conference during a bull run.

Thin Markets, Fat Gains?

When sell-side liquidity dries up faster than a meme coin's utility, you get these vertical green candles. Market depth charts show fewer exit doors than a hedge fund's risk management slide deck.

Whale Watching Season

With OI climbing and shorts getting liquidated at ATH prices, this smells like a classic whale accumulation play. Remember kids—when BTC outpaces traditional assets by 10x, your financial advisor suddenly 'discovers blockchain'.

The real question isn't if the bull run continues—it's whether traditional finance will finally admit they missed the boat (again) while chasing 2% bond yields.

According to Santiment, many Bitcoin holders are moving their coins to private wallets instead of exchanges. In the last four months, over 315,000 Bitcoins have been taken off exchanges. That’s a 21% drop. 

Over the last five years, 1.88 million Bitcoins have left exchanges, which is a 61% decrease. “Traders are not showing eagerness to MOVE coins back on to exchanges,” Santiment posted on X.

Retail investors, or everyday traders, are also less active. CryptoQuant says exchange inflows from retail have fallen below $12 billion, the lowest since April 2025. This means fewer small holders are selling, which helps keep the market calm.

One trader has even reportedly opened a $315 million long position on Bitcoin with a 20x leverage just minutes after hitting an all-time high. In short, traders believe this rally is not yet over. 

Also Read: Bitcoin Still Has Room to Run; MVRV Z-Score Signals Upside