Bitcoin (BTC) is showing signs of renewed strength, climbing 1.6% in the past 24 hours to reach $107,428, bouncing back from last week’s sharp pullback near the $100K level. Though still 4.2% below its all-time high of $111,000 set last month, the cryptocurrency has posted a 3.3% weekly gain, signaling renewed investor confidence.
According to on-chain analyst Amr Taha from CryptoQuant, a set of bullish signals has emerged from blockchain activity—suggesting a fresh wave of accumulation and positive market sentiment.
On-Chain Indicators Signal Accumulation
Taha highlights three key on-chain metrics flashing green:
1. Binance Taker Buy/Sell Ratio
2. UTXO Age Bands
3. Long-Term Holder (LTH) Realized Cap
Binance Taker Buy/Sell Ratio Surges Above 1.0
The Binance Taker Buy/Sell Ratio has climbed to 1.1, indicating that more aggressive market buys are being executed than sells. A ratio above 1 suggests that buyers are more willing to pay the market price, reflecting increasing confidence.
Taha notes that similar ratios have historically preceded bullish price movements, particularly when backed by strong volume.
Buy/Sell Pressure Delta and UTXO Age Bands Support the Bullish Case
Another noteworthy indicator, the Buy/Sell Pressure Delta—which tracks the net difference between buying and selling activity—has reached 0.02, halfway to its historical highs. This suggests there's still room for further accumulation.
Additionally, recent movements above the 1-day to 1-week UTXO age band imply that newly acquired coins are being held, not sold—further reinforcing the bullish case. Many new investors appear to be in profit and are opting to hold rather than exit the market.
Long-Term Holders Strengthen Their Grip
The Long-Term Holder (LTH) Realized Cap—a measure of the total value of BTC held for over 155 days—has crossed $56 billion, showing that “diamond hands” now control a substantial share of the Bitcoin supply. This metric reflects strong investor conviction and a lower likelihood of sudden sell-offs.
Stablecoin Inflows Signal Capital Injections
In the past few hours, Binance has received nearly $550 million in stablecoin deposits. Unlike derivatives exchanges, spot inflows often signal capital ready for direct crypto purchases.
This fresh injection of liquidity may translate into increased buying pressure, adding fuel to Bitcoin's upward trajectory.
Conclusion: Is $110K Within Reach?
With multiple on-chain signals turning bullish and spot capital inflows surging, Bitcoin could be gearing up for another test of the $110,000 level. While short-term volatility remains a factor, the underlying data suggests growing confidence and accumulation—hallmarks of a maturing bull cycle.
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