Bitcoin’s Rally: Spot-Driven Surge & Accumulation Phases 🚀

Since the April 9th low at $75k, #Bitcoin has powered through a spot-driven rally, marked by distinct sideways accumulation phases fueling each upward leg. The Cost Basis Distribution heatmap highlights tight supply clusters forming during these periods, setting the stage for explosive moves higher, culminating in the recent $104k milestone. 📈

These consolidation zones reflect strong holder conviction, with strategic buying absorbing supply before breakouts. As #BTC continues its climb, these patterns underscore the market’s resilience and bullish momentum. Keep an eye on key levels and market signals for what’s next! 🔍