Bitcoin
For the first time since January, all wallets have entered a strong accumulation phase in Kohrts, indicated indicatively indicated the spirit, which is the largest cryptocurrency trades above $ 110,000, which is 18% profit in the last month.
The accumulation trend score of Glasnode has reached its maximum value of 1.0, which despite the volume of BTC indicates a broad-based, aggressive accumulation by investors that they already keep. The metric evaluates the relative power of purchasing by different wallet sizes, factoring in both their existing holdings and the amount received in the last 15 days. It excludes exchanges and miners to avoid deformation.
The latest accumulation wave began in early May, led Whale to exceed 10,000 BTC. As the price began to rise, the colleague with small holdings intensified their accumulation behavior.
This marks a significant change from the period of January-to-April, when most colleagues were in reducing their holdings, as Bitcoin fell around $ 75,000 at its then record of $ 109,000.
Fresh demand is supported by option market activity, in which coindesk research highlights the situation very rapidly. The $ 300,000 strike for the end of June has become the most popular calling option, with a price of $ 620 million, and additional $ 420 million focused around the $ 200,000 strike.
While bitcoin falls historically, traditional property such as S&P 500 and Gold often expands its rallies in similar scenarios. If bitcoin was to follow this more mature property behavior, it could indicate the onset of a constant bull cycle, many trends in the market are now closely looking.
