How Bitcoin’s record accumulation could fuel a BTC price surge
Main Idea
Bitcoin's network activity and profitability are increasing, with strong accumulation by whales and long-term holders, but short-term traders are creating profit-taking pressure. The price remains steady with potential for further gains if buying momentum continues.
Key Points
1. Bitcoin’s Active Addresses increased by 8% to 793,000 last week, and transaction fees rose 10%, indicating stronger network demand.
2. 94% of Bitcoin’s supply is currently in profit, which could lead to quick sentiment shifts if holders decide to cash out.
3. BTC accumulation has reached an all-time high, driven by significant purchases from whales and long-term holders, including Nakamoto CEO David Bailey and Michael Saylor.
4. At press time, BTC traded at $118,724, holding gains above the 9-day and 21-day SMAs, with the RSI near 58, indicating neutral momentum.
5. Sustained buying from whales could counteract profit-taking pressure and support further price increases.
Description
Assessing if strong hands can beat Bitcoin's profit panic?
Latest News
- From NFTs to memecoins – How Donald Trump built a $2.4 billion digital asset fortune2025-08-14 06:00:56
- Cardano price prediction – Is Grayscale ETF hype the catalyst ADA needs to hit $1.50?2025-08-14 05:26:21
- Popcat surges 13%, defends KEY support – Is $0.40 in sight?2025-08-14 04:05:56
- BitMine plans $20B stock sale to boost Ethereum holdings – Details2025-08-14 03:07:40
- Can JASMY sustain its 27% weekly rally? – THESE indicators say…2025-08-14 02:05:42