Bitcoin Accumulation Signals Potential Upside as Price Holds Above $110K Trendline

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.