Only a month and a half ago, this article will not be meaningless when the BTC price decreased to less than 75,000 dollars and the main speculation within society in whether the bull suddenly ended.
Yesterday, Bitcoin price reached $ 30,000, and only 2 % of breaking his highest level ever broke from January. He is now sitting a little now, but there is something in the air indicating that the new peak is coming. Let’s see what data on the series and some technical indicators you will say about this.
Taurus issue
We start with a great accumulation. After all, prices tend to rise if there is more purchasing momentum, right? Lookonchain has included a number of whales that have continued to accumulate in the past few days, with more than $ 250 million from BTC.
Many whales accumulate $ BTC!
Other BC1QCP 1,350 withdrawn $ BTC(141.91 million dollars) from # 8 hours ago and currently holds 20,723 $ BTC($ 2.19 billion).
Bc1QPU (associated with Abraxas Capital) 675 $ BTC(71.03 million dollars) from #kraken 7 hours ago and currently holds 1797 $ BTC(190.11 million dollars).
A … pic.twitter.com/jccvs4xhvk
– Lookonchain (@swearonchain) May 20, 2025
Michael Sailor strategy usually leads, and the world’s largest company holder in Bitcoin has not disappointed this week. On Monday, the company listed on the Nasdaq Stock Exchange announced the latest BTC purchase, with a value of three billion. Metaplanet also joined the package by obtaining more than 1000 BTC for $ 104 million.
In the same context, it is also worth exploring ETF flows, which were in the green color for most of the last month. In fact, there have been only four red examples since April 14 out of 25 days. According to data from Farside, the value of net flows has increased to $ 3.3 billion since May 1.
Completion of accumulations with data from Glassnode, which reads that (almost) all types of BTC wallets have been buying recently – it’s not only whales and companies.
The accumulation is now visible across the spectrum of the entire wallet. Even <1 $ BTC The owners have turned from the distribution to the accumulation of light (~ 0.55), and it joins larger groups such as 100-1K (~ 0.9) and 1K – 10K #BTC (~ 0.85). Only 1-10 #BTC The sellers remain clear. pic.twitter.com/c4c9zlwns
– Glassnode (Glassnode) May 19, 2025
The fifth budget signal comes from a slightly different perspective, as the comprehensive morale in the market has turned into a more positive floor. This is clear from the increasing number of stock exchanges that leave BTC and MVRV ratio, which is far from peak levels.
The downside side
When there are bulls, there should be some bears, right? Well, their novel receives support from the daily RSI, which entered the region of the height of purchase, according to the data that Ali Martinez has shared.
#Bitcoin $ BTC It is currently traded in the peak area of the purchase, according to the daily RSI newspaper; A possible signal to be careful in the short term. pic.twitter.com/frk8syujyx
Ali (ali_charts) May 19, 2025
The famous analyst shared another disturbing sign in the future price movements of BTC, where miners, the backbone of the world’s largest Blockchain network, have been a sale of sale last day or so, as it exceeds more than $ 250 million of assets.
More than 2,400 miners have been sold #Bitcoin $ BTC In the past 24 hours, its value is estimated at about $ 252 million! pic.twitter.com/zritge3cw9
Ali (ali_charts) May 19, 2025
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