Bitcoin stalls near record highs amid derivative pressures but breakout potential remains

Bitcoin (BTC) continues to exhibit on-chain strength despite a prolonged period of price compression between $100,000 and $105,000.  According to Fidelity Digital Assets’ VP of research, Chris Kuiper, the flagship crypto remains in its “Acceleration Phase,” a period characterized by elevated wallet profitability and volatility, even as derivatives activity dampens upward momentum…