How Bitcoin’s record accumulation could fuel a BTC price surge
Assessing if strong hands can beat Bitcoin's profit panic?
Key takeaways
Bitcoin’s network activity and profitability are rising, with profit-taking pressure from short-term traders. However, strong accumulation by whales and long-term holders showing confidence could support further upside if momentum holds.
Bitcoin’s [BTC] network is buzzing again.
An uptick in recent data has made it tempting for traders to lock in gains. But what you may not be seeing, is that LTHs are doubling down, with accumulation hitting record highs thanks to big buyers.
Looks like BTC’s long-term value remains strong, even as short-term traders eye profits.
Profit taking risk rises as BTC heats up
Bitcoin’s Active Addresses climbed 8% to 793,000 last week, while transaction fees rose 10% – proof of stronger network demand.
At press time, 94% of Bitcoin’s supply was in profit, placing the market in a zone where sentiment can shift quickly if holders rush to cash out.
However, the uptick in on-chain data suggests steady underlying momentum. Any correction may be short-lived, provided buying interest remains strong.
