According to CryptoQuant, similar accumulation patterns have only surfaced a handful of times in Bitcoin’s history—most recently ahead of rallies in mid-2021 and late 2024. This suggests a familiar setup: strong hands accumulating in silence before the next leg upward.
The average cost basis for these long-term positions falls between $95,000 and $107,000, forming what many now view as a critical support zone. As long as price holds within this band, bullish momentum may remain intact.
Meanwhile, short-term traders are focused on a narrower window. Data from Glassnode shows that many recent buyers entered the market near $98,000, with $93,000 acting as a key psychological floor. If prices dip below this range, panic selling could accelerate and trigger a sharper correction.
Still, for now, the trend remains upward. Long-term wallets are growing, short-term support has held, and on-chain data shows investors aren’t ready to let go. The message from the blockchain is clear: the market may be pausing, but conviction is building behind the scenes.
The post Bitcoin Whales Signal Confidence as Accumulation Hits Historic Levels appeared first on BitcoinLinux.
