Key Takeaways:
✅ Bitcoin inflows to accumulation addresses hit record highs, signaling aggressive whale buying.
✅ BTC price soared to $73K, but Glassnode flagged an on-chain "Death Cross" signal.
✅ Historical trends suggested Bitcoin could face a short-term correction before resuming its rally.
A Surge in Bitcoin Accumulation Amidst a Record-Breaking Rally
Bitcoin’s price skyrocketed to $73K as accumulation addresses witnessed an unprecedented surge in inflows.
SOURCE VIVEK ON X
Vivek⚡️’s analysis revealed that large-scale buyers absorbed massive amounts of BTC, a pattern that historically preceded major market movements. Since late 2024, inflows spiked to unseen levels, aligning with Bitcoin’s rapid ascent. The surge in whale accumulation hinted at growing confidence, reinforcing a bullish sentiment across the market.
Glassnode’s Death Cross Warning Raised Bearish Concerns$BTC
While accumulation intensified, Glassnode detected a concerning on-chain signal.
SOURCE GLASSNODE ON X
The 30-day volume-weighted BTC price crossed below the 180-day moving average, historically leading to 3-6 months of weakness. Similar crossovers in past cycles had marked extended correction phases, including a 13-month downturn in 2022. Although Bitcoin held strong above key levels, the market showed early signs of cooling momentum, echoing previous bearish setups.
Meta Description:
Bitcoin soared to $73K as whale accumulation hit record highs, but Glassnode flagged a bearish "Death Cross" signal.$BTC