Bitcoin Holders Accumulate Amid Mixed Market Signals
Key Takeaways
- Bitcoin wallets show increased buying activity – from retail investors to large holders.
- Long-term positions between $101,000 and $106,000 USD could face liquidations if prices drop.
- Technical indicators suggest weakening buying momentum.
- A breakout above $106,000 USD remains possible if support holds.
Strong Accumulation in Bitcoin Wallets
Recent on-chain data indicates a significant shift in investor behaviour regarding Bitcoin. According to the analytics platform Glassnode, wallets across nearly all size categories are showing increased buying activity. Particularly notable are wallets holding less than 1 BTC, which had previously been selling but are now beginning to build small positions again. The so-called accumulation score is around 0.55 – an indicator of growing confidence.
The trend is even more pronounced among larger wallets. Addresses holding between 100–1,000 BTC and 1,000–10,000 BTC are accumulating at a faster pace. Only the group holding 1–10 BTC continues to show net selling. Overall, the data points to increasing optimism for a potential trend reversal.
Risk from Concentrated Long Positions
According to data from Alphractal, a high concentration of long positions has formed between $101,000 and $106,000 USD. This zone poses a potential risk: if the Bitcoin price drops below the $100,000 USD mark, many of these positions could be liquidated. Such liquidations often trigger chain reactions that intensify downward movements.
In contrast, the risk of short liquidations during a price increase is currently low. The imbalance between long and short positions increases the likelihood of strong volatility during price declines.
Technical Analysis: Resistance at $106,000 USD
On the daily chart, Bitcoin recently encountered resistance at $106,813 USD. The price failed to hold and slightly declined to $105,504 USD. The Relative Strength Index (RSI) currently sits at 69.42 – just below the overbought zone. This suggests weakening momentum among buyers.
The On-Balance Volume (OBV) indicator, which measures the volume of buying and selling activity, is also moving sideways. This signals a potential pause in the upward trend.
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What’s Next for the Bitcoin Price?
The key will be whether the price can hold above the $105,000 USD level. If so, a breakout toward $110,000 USD is possible. However, if the price falls below $101,000 USD, increased liquidations and higher volatility could follow.
The current market structure shows that investors are becoming increasingly optimistic, but the risk remains high. Those investing should keep a close eye on support zones and potential liquidation levels.
Our Assessment
The increased accumulation of Bitcoin by various wallet sizes is a positive sign. It indicates that both retail and institutional investors are regaining confidence in the market. At the same time, the concentration of long positions calls for caution. A drop below the psychologically important $100,000 USD mark could trigger a wave of selling.
For you as an investor, this means: monitor price movements closely. Technical indicators and on-chain data provide valuable insights into potential trends. Entering the market can make sense – but only with clear risk management.
Sources
- Glassnode
- Alphractal
- TradingView
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | 105559 |
| 24h % | 2.61 % |
| 7d % | 1.16 % |
| 30d % | -1.78 % |
| 60d % | 11.05 % |
| 1y % | 75.20 % |
| Market Cap | $2,098,623,947,050.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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