#BTC Bitcoin between consolidation and strategic accumulation

Beyond the visible flows in the markets, it is the on-chain data that today outlines the contours of a strategic accumulation zone. According to Glassnode, "a key accumulation zone has appeared between $93,000 and $95,000" in the last 30 days.

Such a price range corresponds precisely to the average acquisition cost of short-term holders, that is, investors who have bought bitcoin in the last 155 days. It is in this zone where "significant volumes of coins have changed hands," making it a robust technical support level in the event of a market decline.

Additionally, this accumulation phase is integrated into a sideways configuration that bitcoin has been experiencing since May 9, with a price consolidation between $100,703 and $105,787. This lateral movement follows a rapid rise and seems to indicate that the market is in a breathing phase before a possible new movement.

The position of buyers in the $93,000-95,000 zone suggests a shared perception of the medium-term value of bitcoin. Unlike past phases of euphoric rises, investors today seem more disciplined, integrating risk management logics and technical thresholds for their entry points.