Bitcoin reached a new high on Coinbase at $120,000 amid surging spot ETF flows, network activity, and long-term holder profits, which hint at higher targets.
Key Takeaways:
Bitcoin rallied to $120,000 on Coinbase, led by BlackRock’s spot ETF, which now holds over 700,000 BTC, surpassing Strategy.
BTC Long-Term Holder NUPL remains below overheated levels, indicating minimal profit taking.
