Bitcoin Tests $78,000 Resistance: On-Chain Data Signals Accumulation Phase

On-chain data is showing strong accumulation signals as Bitcoin approaches the key $78,000 resistance level. Whale wallets have added over 12,400 BTC in the past 48 hours while exchange outflows hit a 3-month high, suggesting long-term holders are absorbing supply. The Crypto Fear and Greed Index sits at 71, firmly in greed territory. Watch the $76,800 support level — a hold here sets up a clean breakout attempt.

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