Analysis indicates Bitcoin reached a record $124,500 before pulling back to $121,500, as compressed 30-day volatility and clustered liquidity suggest a poised breakout or deeper correction.
Bitcoin hit a fresh all-time high at $124,500 before quickly retracing to $121,500. CryptoQuant data shows a two-year low in 30-day volatility, with liquidity clustering around key support and resistance levels. Analyst Axel Adler identifies this contraction as a potential prelude to either a breakout or a correction.