Bitcoin is determined to soar: On-chain data provides confidence, who is secretly accumulating?
Don't be scared off by the short-term noise, the on-chain cards have all been laid bare — $BTC is quietly brewing a strong move. Exchange reserves continue to decline:
In the past week, Bitcoin reserves on centralized exchanges dropped from 2.44 million to 2.36 million, a decrease of 2.88%. What does this mean? There are fewer sellers, and coins are being taken away and locked up, exchanges are quickly becoming hollow.
Signal: A strong accumulation amidst calm waters.
Realized market cap hits a new high:
$93.488 billion, a historic first! This is not just a slogan; there are tangible signs of serious players entering — according to on-chain cost analysis, long-term buyers are steadily advancing.
Net inflow to exchanges remains negative:
More coming out than going in, indicating that coins are moving to wallets and not preparing to sell. This situation can only be explained by: strong belief + long-term players continuously entering.
UTXO value distribution is broader:
It's not just certain players manipulating the market; regular holders are also increasing their positions at various price levels, indicating that coins are not being flipped quickly but are being held tightly.
