Bitcoin: As 2 major groups return, is BTC ready for a strong rebound?
Main Idea
Bitcoin (BTC) shows signs of stabilization and potential rebound, supported by key metrics such as network activity, Stock-to-Flow ratio, and investor holding behavior, while maintaining critical support above $110K.
Key Points
1. Bitcoin remains above the critical $110K support level despite short-term volatility, with potential to retest resistance levels around $118K to $122K.
2. Network activity shows expanding demand, with new addresses rising by 5.75%, active addresses by 8.15%, and zero-balance addresses surging 15.12%.
3. Bitcoin's Stock-to-Flow (S2F) ratio surged by over 66% to 1.0614M, reinforcing its long-term scarcity narrative and strong fundamentals.
4. Spot exchange flows indicate consistent outflows (-$53.68M), reflecting investor preference for long-term holding and reinforcing bullish sentiment.
5. Large holders (>10K BTC) and small wallets (<1 BTC) are accumulating, suggesting renewed interest and positioning for a potential rebound.
Description
Bitcoin investors accumulate as on-chain data and price structure support a bullish narrative.
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