key takeaways:

• Stablecoin inflow pattern mirror level was seen after luna and FTX collapse. Pointing to fresh accumulation and capacity for a breakout rally.

• Bitcoin is above $ 100,000, but the new user activity is still low, indicating a “HODL” phase where holders are waiting for fresh demand to drive more prices.

Bitcoin (BTC) The early signs of a strong rally are shining, but the price chart is not drawing attention. Onchain data shows a “demand generation” pattern similar to the accumulation stages seen after Terra/Luna and FTX Fall, and both have marked the major cycle bottles.

Bitcoin researcher Axler Adler Junior. Said The 30-day moving average of the StableCoin flow is dipped in a negative area, formed the first seen “blue zone” in 2022. This suggests that participants are not ready to sell, indicating a return to meaningful demand between instability. Adler said,

“If Luna and FTX move after income, it will firmly indicate the launchpad of the next bitcoin rally.”

Bitcoin network activity hodl indicates dominance

The price of BTC is stronger than $ 100,000, but a proxy 30-day SMA, 570,000 for new network activity. It is about 40% less activity when BTC was trading between $ 60,000- $ 70,000 and was away from the 850,000–1 million range supporting the 2024 bull run.

This deviation suggests that long -term holders are closing coins, do not move them, forming a supply squeeze landscape where the price can grow faster if the new demand is kicked into the new demand. Utxo The metric indication will indicate that fresh participants are entering. If it overtakes 850,000, it can confirm the onset of a fully developed retail and institutional-monitoring bull phase.

Exchange Flow Multiple supports this setup, which tracks short-term BTC inflows, falling into an area that historically a seller marks the phase of exhaustion where low sales-aide liquidity increases the upside price speed.

Meanwhile, the whales appear to gather. Large transactions now include 96% of all exchange flows, historically a level associated with major value expansion. These institutions can be in the position of coins for strategic redistribution, often with pricing spikes.

Related: Record Q2, Monthly Close Next? 5 things to learn in bitcoin this week

BTC risk persists in demand-supply imbalance

Despite these rapid structural signs, short -term risk remains. Clear demand The metric for 30 days has returned negative for the first time in two months, indicating that the demand of the new buyer is not strong enough to absorb sales pressure from miners and some long -term holders (LTS). This imbalance increases the risk of nearly the price improvement of the proof.

This mixed environment is characterized by holing, seller tiredness and early whale activity, the next move of bitcoin rests on whether fresh demand can beat residual sales. A short -term improvement may occur before the wider uptrend if the speed has a speed of major resistance levels at $ 110,000.

Related: Bitcoin’s new all-time high now as ‘unavoidable’ BTC Price Eyes Liquidity at $ 109K

There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.