Bitcoin Accumulation and Bullish On-Chain Signals Dey Show Say Price Fit Breakout Pass $110K
Bitcoin (BTC) don shoot pass $107,000 reach as high as $110,500 after the earlier big market wahala, e show strong momentum plus new investor trust. On-chain analysis talk say buyer activity dey increase well well, with Binance Taker Buy/Sell Ratio go up to 1.1, wey mean say people dey buy plenty and traders dey feel shade bullish. The 90-day Buy/Sell Pressure Delta dey near historical limit, meaning say people still dey collect coin steady steady without market overheat risk. For short-term UTXO bands, e show say new investors dey hold their coins tight tight, meaning say optimism still dey and e be like normal re-accumulation time. Realized Cap for long-term holders don cross $56 billion, e show say more people dey believe as more coins dey go inactive wallets. Even though Coin Days Destroyed talk say some old coins reach exchanges small, na routine rebalancing, no be like everybody dey rush sell. Volatility still low for 21.68%, e show say market dey steady prepare for big move. Market for Binance dey lean towards short, with over 60% traders dey bet say the price no go rise much. This crowded short trade fit lead to short squeeze if the bullish pressure strong. Overall, on-chain and sentiment indicators together dey show say the base for bullish BTC breakout strong well, both short and long-term data dey signal say more upside fit happen.
Bullish
The Rising Taker Buy/Sell Ratio, steady accumulation, and strong confidence from long-term holders all show growing bullish vibes and solid support for Bitcoin. The big crowd holding short positions on Binance increases chances for a short squeeze, which usually triggers fast sharp price jumps. With low volatility and strong on-chain data, the situation is good for possible price breakout. Both short-term and long-term data show renewed optimism and rising price strength.