📊 On-Chain Signals Flash Green — Is Bitcoin Gearing Up for $110K Again?
Bitcoin has recovered, rising 1.6% to $107,428 in 24 hours. The rise follows last week's market-wide volatility and profit-taking drop near $100,000.
BTC is 4.2% behind its all-time high of $111,000 hit last month, but the weekly trend shows a 3.3% rise, indicating buyers are regaining confidence. CryptoQuant contributor Amr Taha found on-chain indicators that match this market activity.
These include the Binance Taker Buy/Sell Ratio, UTXO age bands, and LTH realized cap. All three indicate that market participants are accumulating and mood is becoming optimistic.
Taha monitored Binance's Taker Buy/Sell Ratio, which just reached 1.1. The amount of aggressive market buys vs market sales on Binance is measured.
A ratio over 1 indicates higher buyer confidence since more players are ready to pay the market price to purchase than sell. Taha says such movements tend to precede price rises when backed by volume.
Buy/Sell Pressure Delta during the previous 90 days is another strong indicator. This indicator measures the net difference between buying and selling pressure and is halfway to its historical high at 0.02.
Taha says this indicates a market with space for accumulation. Recent breakout activity above the 1D–1W UTXO band, indicating newly transacted coins, suggests many new investors are in profit and holding rather than selling.
LTH Conviction and Stablecoin Inflows Support Bullish Case
Taha also stated that the Long-Term Holder (LTH) Realized Cap has crossed $56 billion, indicating that strong hands possess more Bitcoin supply. These coins haven't changed in 155 days, indicating stronger investor confidence.
Furthermore, Binance has received almost $550 million in stablecoins in recent hours. Spot exchange inflows, unlike derivatives platforms, frequently indicate capital ready for direct asset purchases.
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