Main takeout:
The price of Bitcoin is recovering, but according to strong ETF inflow, high network activities and whale accumulation, BTC is tracking at $ 140,000.
SPOT BITCOIN ETFS has passed the rally with a net inflow of $ 2.9 billion in two weeks.
Reduced exchange balance and increased trading volume Z-score suggests that overall demand increases.
Bitcoin (BTC) prices have fallen 1.4% over the last 24 hours. On January 20, it was traded 6% lower than the maximum of $ 109,000, but nevertheless, some basic, onchain and technical indicators suggest that Bitcoin has not ended.
SPOT BITCOIN ETF Inflow BTC Rally
Bitcoin’s latest recovery has been accompanied by a strong investor appetite for the Spot Bitcoin Exchange Fund (ETF), with a $ 2.9 billion inflow over the past two weeks.
The chart below shows that after the launch of the US -based SPOT BITCOIN ETFS in January 2024, the net inflow of about $ 8.5 billion was reached between February 13, 2024 and March 13, 2024.
Similarly, the cumulative daily inflow was $ 5.7 billion between November 6, 2024 and December 16, 2024, and matched the 60% rally of Bitcoin during the same period.
If ETFs continue to inflow, Bitcoin will resume the rise to a new all -time high.
Bitcoin market volatility index: Dangerous came
Inflow to SPOT BITCOIN ETF signals high risk feelings, as proved by the decrease in the CBOE volatility index (VIX), which measures market volatility expectations on the 30th.
Bitcoin Network Economist Timothy Peterson stressed that the VIX index fell from 55 to 18 during the trading date.
VIX scores under 18 years of age suggested the “dangerous” environment that prefer assets such as Bitcoin.
The analyst said:
“This will be a danger of ‘environment’ in the near future.”
Peterson’s model with 95% tracking accuracy predicted a $ 135,000 goal within the next 100 days when the VIX was low.
Strong bitcoin accumulation continues
It is Bitcoin Whale to strengthen risk feelings, and he is increasing its stake even if the price increases rapidly. GlassNode data shows the Bitcoin accumulation trend score (ATS) from 1 to 1 (see the chart below).
According to GlassNode, the spike in Trend score indicates the shift in the accumulation of almost all cohorts in the distribution. The shift reflects a similar accumulation pattern in October 2024, and the Bitcoin rose from $ 67,000 to $ 108,000 due to US President Donald Trump’s election.
According to the additional data of Santiments, the holding between 10 and 10,000 BTC has accumulated more than 10,000 BTCs for the last 30 days.
SANTIMENT is on May 13th on the X Social Platform.
“It may be a matter of time until the aggressive accumulation in this big wallet, especially after the US and China’s tariffs are suspended, until the normal of $ 11 million, Bitcoin’s normal.”
Overall, this is a positive signal with an optimistic emotion among these investors.
relevant: As Bulls attempts $ 2T market capital flip, Bitcoin looks ‘funny’.
Reduction of Bitcoin balance of the exchange
The BTC balance of the exchange reached 2.44 million BTC for six years on May 15. According to the chart below, more than 110,000 BTCs have moved from the exchange over the last 30 days.
Reducing the BTC balance in the exchange can allow investors to withdraw tokens into self -sustainable wallets, indicating that sales intentions are insufficient when they expect future price hikes.
Increased network activities
Bitcoin’s rising possibility is supported by an increase in network activities, as the Crypto Investor Ted Boydston for X on May 15 is emphasized.
The Bitcoin Transaction Volume Z-Score measures the difference between the current amount and average. Often used to measure network activities and market attention.
The chart below shows that the metrics have risen sharply in the sound area and approaching 1. It is historically related to the Rally Bitcoin price rally, especially when approaching or exceeding 1, especially 1.
Boydston said, “This is a good sign for the acceleration of bitcoin prices.
“If the Z-score is violated, Bitcoin must be Full Bull.”
BTC round floor pattern is targeted for $ 140K.
From a technical point of view, the price of Bitcoin has formed a rounded chart pattern on the daily chart (see below). The bull now focuses on promoting the price over the Necrine with a $ 106,660 driving chart pattern.
Daily candlesticks, close to this level, checked the optimistic breakout in a round floor formation, and informed the BTC to the price of $ 140,000, or increased 37% at the current level.
The relative robbery index or RSI is 70 years old, and the strength of SMAS still prefers market conditions, which may be much higher than $ 140,000.
As reported by COINTELEGRAPH, BTC Price expects a rally for $ 150,000 out of the bull flag during the weekly period.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.