1. Accumulator Addresses Are Loading Up
According to CryptoQuant data, “accumulator” wallets—those known for long-term holding and minimal selling—have surged their holdings to approximately 248,000 BTC, marking a 71% increase in just 30 days. That's the highest accumulation pace since BTC was at ~$97K in December 2024 .
Why it matters: Strong accumulation at elevated price levels signals unwavering conviction—not speculative hype.
2. MVRV Indicates Profit-Taking Kicks In Around $130.9K
The Market Value to Realized Value (MVRV) ratio points to $130,900 as the critical inflection where meaningful profit-taking tends to begin . That leaves a solid ~17% upside from current levels before distribution pressure kicks in.
3. Glassnode & On-Chain Momentum Signal Room to Run
Glassnode’s on‑chain observations reflect that after BTC broke its ATH, a wave of realized profits from short-term holders emerged—still, demand remains resilient. Historically, such phases precede further rallies toward ~$130K before investor fatigue sets in .
4. ETF Flows and Institutional Entry Add Fuel
Spot Bitcoin ETFs have attracted $52.3 billion in inflows since January 2024, with $14.8 billion more in just recent months . That institutional demand is tightening exchange supply and reinforcing the higher price narrative.
With supply draining and demand surging, the backdrop is ideal for a push into the $130K zone.
5. Technicals: Breakout Over $123K Could Trigger a Squeeze
Price action under resistance at ~$123K resembles a “coiled cobra.” A decisive breakout could spark a short squeeze, propelling BTC to $130K “within a few days,” as market commentator Mike Alfred put it .
Other charts echo this—once $123K is cleared, $130K becomes the next logical resistance target
LFG $BTC
