Bitcoin just broke through to a 2-month high, touching $97.5K as market dynamics shift notably. What caught traders' attention? Retail holders trimmed positions—nearly 47,244 accounts offloaded holdings over just 72 hours amid the recent noise and uncertainty. Yet here's the flip side: exchange supply hit a 7-month low of 1.18M BTC, suggesting some players are actually moving coins off platforms. This pattern—retail capitulation mixed with shrinking exchange reserves—often signals longer-term holders consolidating strength. The data paints an interesting picture of market structure at resistance levels.