Bitcoin Accumulation Signals Potential Upside as Price Holds Above $110K Trendline
Main Idea
Bitcoin's price remains above the critical $110K level, supported by strong accumulation from both whales and retail investors, with key metrics indicating a bullish outlook.
Key Points
1. Bitcoin’s price is holding above $110K due to strong support from both whale and retail investors, reinforcing its bullish structure.
2. Network activity is expanding, with new addresses rising by 5.75%, active addresses by 8.15%, and zero-balance addresses surging 15.12%.
3. The Stock-to-Flow (S2F) ratio surged by over 66% to 1.0614M, indicating heightened scarcity relative to supply issuance.
4. Spot exchange flows show consistent outflows (-$53.68M to cold wallets), reflecting long-term holding behavior.
5. Large holders (>10K BTC) and small wallets (<1 BTC) have consistently accumulated Bitcoin over the past two weeks, indicating synchronized dip-buying behavior.
Description
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