
Bitcoin on-chain signals show bullish strength. Taker Buy/Sell Ratio at 1.1, long-term holders accumulating, and low volatility suggest a potential BTC price breakout.
Short squeeze looms for BTC. Over 60% of Binance traders are shorting Bitcoin, creating conditions where an upward price move could trigger a significant rally.
Bitcoin’s latest on-chain signals suggest a bullish shift is building strength. According to CryptoQuant, the Taker Buy/Sell Ratio recently hit 1.1, marking a rise in aggressive buying behavior, while short-term holders are locking in profits instead of exiting early. This, paired with BTC’s 1.84% daily price gain to $107,642, highlights growing confidence in a potential price breakout.
Long-Term Holders Build the Base
CryptoQuant data shows Bitcoin’s Realized Cap for long-term holders has now exceeded $56 billion, a level that reflects increasing conviction. Coins older than 155 days are moving into inactive wallets, suggesting holders aren’t looking to sell into the recent rally. Historically, this type of accumulation signals early stages of long-term bull trends, forming a strong foundation beneath BTC’s price.
Moreover, Bitcoin’s 30-day volatility dropped to 21.68%, the lowest in weeks. While low volatility may seem dull, such periods often precede explosive price moves. Combined with strong LTH buying and bullish short-term signals, it may set the stage for an upward breakout.
Coin Days Destroyed: A Minor Blip?
While Coin Days Destroyed (CDD) rose slightly, up 3.83% to 291.4k, indicating some older coins moved to exchanges, analysts say the shift is minor. Rather than a sell-off, this could reflect normal rebalancing. Overall, bullish metrics continue to outweigh bearish signals.
Short Squeeze Possible?
CoinGlass data reveals that over 60% of Binance traders are shorting BTC. With such a crowded short trade, a price move higher could trigger a short squeeze, adding fuel to BTC’s rally.
Altogether, strong buyer activity, long-term holder confidence, and low volatility suggest Bitcoin may be primed for its next big move upward.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.
With increased adoption, the price of Bitcoin could reach a height of $901,383.47 in 2030.
As per our latest BTC price analysis, Bitcoin could reach a maximum price of $13,532,059.98