The Hash Ribbons indicator has just triggered a buy signal on Bitcoin for the third time in 2025, indicating a recovery in mining. This positive configuration is often interpreted as an interesting long-term entry point. And it is not the only indicator that is optimistic about the #Bitcoin . Indeed, despite the recent local top marked around $112,000, the price of Bitcoin retains the average purchase price of short-term holders. That's not all, as all operators are accumulating BTC according to data from Glassnode. We are looking at the situation of Bitcoin in today's report!
Profit-taking on Bitcoin spot ETFs after a bullish surge and a new all-time high, Bitcoin is taking a pause. The price of Bitcoin was rejected around $112,000, and sellers are trying to regain control. Between mid-April and the end of May, Bitcoin spot ETFs recorded significant inflows. However, in recent days, operators have been taking profits. Since May 29, the ETFs have recorded four days of outflows for a total of $1.5 billion. If this trend continues with the ETFs, the price of Bitcoin could continue to plummet, even losing $100,000. Nevertheless, these outflows remain less significant than the inflows accumulated since April. Despite the drop in BTC, operators continue to accumulate.
The Trend Accumulation Score by Cohort indicator allows us to understand the behavior of different profiles of investors. According to data from Glassnode, all cohorts are currently accumulating BTC despite the recent drop of the $BTC .