$BTC The chart highlights two crucial indicators: the BTC + ETH Net Position Change (orange line) and the Stablecoin Net Position Change (blue line). Both lines have shown an upward trajectory, though at different scales.

The BTC + ETH Net Position Change increased dramatically, reaching $29.76 billion on May 13. This depicts a consistent increase in custody of Bitcoin and Ethereum among wallets, commonly equated with Holders or institutions accumulation of goods. As opposed to April 20 (when the net value was approximately – $971.89 million), the net shift of over $30 billion reveals renewed confidence in the resilience of the market and its performance in the future.

Similarly, Stablecoin Net Position Change increased to $6.47 billion as at 13th May from $2.42 billion on 20th April. Although less than BTC and ETH, this increase in stablecoin net positions tends to foreshadow active market buying, indicating that money is being stored for future investments.