Bitcoin Alert: Will the Recent Indicator Signal Propel BTC to Unprecedented Peaks?

Key Points

• Bitcoin’s momentum is building again with aggressive buyers entering the market.
• Despite bullish sentiment, there are signs of potential exhaustion and risk of a pullback.

Bitcoin’s momentum is once again on the rise, with aggressive buyers entering the market. The Taker Buy/Sell Ratio has surged to a level not seen before several historic breakouts, indicating increased conviction among market participants.

On-chain data reveals that large wallets are ramping up their accumulation, potentially in anticipation of a push towards new all-time highs. However, with Bitcoin hovering just below its previous peak, the question remains if the next phase of the rally is about to commence.

Indications of Increased Market Confidence

A recent CryptoQuant report shows that the Taker Buy/Sell Ratio has broken above the 1.00 mark decisively, hitting 1.02. This level has historically been associated with breakout moments in Bitcoin’s price action. Similar spikes were recorded during the $15K-$20K accumulation zone in late 2022 and just before the $30K breakout in October 2023.

With Bitcoin now near its all-time highs, the return of aggressive buying indicates growing conviction. However, it also raises the stakes, as this threshold has previously led to both rallies and sharp reversals.

Shift in Accumulation Trends

While the overall accumulation trends remain bullish, a closer look reveals a subtle shift. According to Glassnode, ultra-large whales holding over 10,000 BTC have slowed their buying activity, returning to a neutral accumulation score of about 0.5.

In contrast, mid-sized cohorts — those holding between 1,000 and 10,000 BTC — remain active buyers, with scores near 0.9. Even smaller, institutional-sized wallets show continued strength. However, retail continues to distribute.

Despite the bullish momentum, the rally is increasingly being driven by mid-tier whales rather than the deepest pockets.

Signs of Exhaustion

The RSI at 70.68 confirmed overbought conditions, often a precursor to local tops or minor corrections. Also, the MACD remained bullish, with the MACD line above the signal line. However, momentum was flattening — reflecting cooling buying pressure.

Price remains range-bound despite earlier surges, hinting at potential exhaustion. If Bitcoin fails to break convincingly above $105K, a short-term pullback to $100K or lower support zones remains in play before any sustained breakout attempt.