Soaring capital inflows and an uptick in Bitcoin wallets identified as “accumulators” suggest BTC price is on a path to $130,900.
Bitcoin rallied to $113,800 as onchain data shows a 71% surge in the BTC holdings of accumulator addresses.
Bitcoin’s MVRV metric suggests that meaningful profit-taking may not begin until BTC hits $130,900.
A $4.4 billion increase in BTC’s realized cap confirms concrete investment activity rather than a speculation-driven rally.
BTC $117,542
reached $113,800 on Thursday as a significant uptick in demand from accumulation addresses was observed. According to data from CryptoQuant, these addresses collectively held 248,000 BTC on Wednesday, marking a new yearly high in accumulation activity. The 30-day demand of these addresses is up 71%, rising from 148,000 BTC on June 22.
This level of demand hasn’t been seen since Dec. 20, when Bitcoin was trading at $97,000 and accumulator addresses hit an all-time high of 278,000 BTC. The renewed accumulation rate at even higher price levels indicates that investors’ conviction has not wavered.
Bitcoin’s demand momentum supports this outlook, which has sharply rebounded after matching 2024 lows from Q4. While the cumulative demand (which includes bearish selling) remains negative, the metric’s swift recovery highlights that buyers are beginning to assert control. This dynamic suggests a strong foundational interest in spot BTC, as strategic accumulation outweighs recent short-term selling. #INDIANstock