Bitcoin has continued its upward momentum, recording a modest 1.6% increase in the past 24 hours to trade at $107,428. The recovery comes after a drop to $100,000 last week, due to volatility and profit-taking across the market.
While BTC is still about 4.2% lower than the all-time high of $111,000 reached last month, the weekly trend still reflects a 3.3% increase, indicating that buyers are gradually regaining confidence. This market behavior is reflected in a set of recent on-chain indicators analyzed by CryptoQuant contributor Amr Taha.
On-Chain Bitcoin Metrics Reflect Accumulation Behavior
In the analysis titled 'On-Chain Data Suggests Bitcoin's Next Bullish Momentum', Taha examined several metrics indicating the potential for the price rally to continue.
Including Binance Taker Buy/Sell Ratio, UTXO age groups, and the realized cap of Long-Term Holders (LTH). All three indicate that market participants are actively accumulating and the fundamental sentiment is shifting towards a new bullish trend.
One of the key metrics Taha focuses on is the buyer's Buy/Sell Ratio on Binance, which has recently risen to 1.1. This metric assesses the volume of active buying versus selling in the market on the Binance exchange.
A ratio above 1 typically implies that many participants are willing to pay market prices to buy rather than sell, indicating that buyers are more confident. According to Taha, such historical changes often precede continuous price increases when supported by volume.
Another important indicator showing strength is the Buy/Sell Pressure Delta over the past 90 days. This metric tracks the net difference between buying and selling pressure and has now reached halfway to its historical peak of 0.02.
Taha explains that this indicates the market is not yet too hot, leaving room for further accumulation. Combined with recent breakout behavior on the 1D–1W UTXO band, representing recently traded coins, this suggests that many new holders are currently in profit and choosing to hold rather than sell.
LTH Confidence and Stablecoin Inflows Strengthen the Bullish Case
Taha also notes that the Long-Term Holder (LTH) Realized Cap has now exceeded $56 billion, reflecting strong hands holding a larger portion of the Bitcoin supply. These coins have not moved in over 155 days and are considered representative of investors with higher conviction.
The increase in this index implies that less money is being sold into the market, a signal that many investors are expecting higher valuations in the coming weeks or months.
Additionally, over $550 million in stablecoins has reportedly flowed into Binance in recent hours. Traditionally, such cash flows into spot exchanges, as opposed to derivatives platforms, often indicate a willingness to deploy capital to buy assets directly.
Notably, all these indicators can be seen as leading signals of potential volatility or buying pressure. If this pattern holds, Bitcoin's short-term price action could benefit from ongoing accumulation and institutional positioning.