#Bitcoin has entered a new accumulation phase, with long-term holders buying at rates not seen since May 2023. The Accumulation Trend Score has reached its maximum value of 1.0, indicating strong buying activity.
$BTC 's next resistance level is around $59,000. If surpassed, it could trigger over $700 million in leveraged short position liquidations, with a move above $59,300 potentially pushing liquidations to over $1 billion.
PS: Thanks to other creators I have been able to post this on-chain data.
