Key Bitcoin indicator flashes again — Will BTC rally to new highs?

• Aggressive buying returns as Bitcoin hovers near all-time highs, but whale behavior shows divergence.
• RSI signals overbought levels, while MACD momentum weakens — BTC needs to break $105K or risk pullback.

Bitcoin’s [BTC] momentum is building once again, as aggressive buyers flood the market.

The Taker Buy/Sell Ratio has surged to 1.02 – a level not seen since prior to several historic breakouts — showing growing conviction among market participants.

On-chain data shows large wallets ramping up accumulation, positioning ahead of what many speculate could be a final push toward new all-time highs.

With sentiment heating up and BTC hovering just below its previous peak, is the next leg of the rally about to begin?

A surge in market confidence?

According to a recent CryptoQuant report, the Taker Buy/Sell Ratio has broken decisively above the 1.00 mark, hitting 1.02 – a level historically linked to breakout moments in Bitcoin’s price action.

Similar spikes were recorded near the $15K-$20K accumulation zone in late 2022 and just before the $30K breakout in October 2023.

With BTC now hovering near all-time highs, the return of aggressive buying shows growing conviction — but it also raises the stakes, as this threshold has previously preceded both rallies and sharp reversals.

Mega holders have paused

While overall accumulation trends remain bullish, a closer look reveals a subtle shift in behavior.

According to Glassnode, ultra-large whales holding over 10,000 BTC have cooled their buying activity, returning to a neutral accumulation score around 0.5.

In contrast, mid-sized cohorts — wallets holding between 1,000 and 10,000 BTC — remain active buyers, with scores near 0.9.

Even smaller, institutional-sized wallets show continued strength. Retail, however, continues to distribute.

While bullish momentum persists, the rally is increasingly being driven by mid-tier whales rather than the deepest pockets.

Bitcoin shows signs of exhaustion

The RSI at 70.68 confirmed overbought conditions, often a precursor to local tops or minor corrections.

Also, the MACD remained bullish, with the MACD line above the signal line. However, momentum was flattening — reflecting cooling buying pressure.

Price remains range-bound despite earlier surges, hinting at potential exhaustion.

If BTC fails to break convincingly above $105K, a short-term pullback to $100K or lower support zones remains in play before any sustained breakout attempt.