- Bitcoin whales resume accumulation after almost a year, while Sopris shows increasing profitability without euphoria.
- BTC consolidation suggests a break, not a pullback, which makes way for a potential outbreak.
After weeks of lateral movement and cooling momentum, Bitcoin [BTC] seemed to be preparing for the next major movement.
Data on chains revealed a revival of whale recording, while a rare increase in the output winning ratio has started discussions about a possible outbreak.
Since Bitcoin Uncharted Territory explores, is this the start of the next leg in the bull’s cycle – or just another head of fake?
Accumulation returns after interruption
After a long period of distribution, the BTC accumulation Landscape has shifted.
New data revealed that portfolios with 10k to 100k BTC have resumed the accumulation for the first time since March 2025 and July 2024, which broke an almost a year -long trend of pressure on the sales side.
Source: Alfractaal
Interesting is that this increase did not arise separately.
Dolphin portfolios (100–1k BTC) have been stacked for weeks, with heat maps that show consistent blue spots – classic signs of aggressive buying.
Source: Alfractaal
Retail -sized addresses (<10 BTC) en zelfs mega-wijzen (> 100k BTC), on the other hand, continue to distribute.
Source: Alfractaal
Interesting is that the 10-100 BTC bracket-previous shifted to mild accumulation area, a positive signal that improves, even among medium-sized holders.
Profitability is climbed, but not a sign of a crowd of euphoria
Source: Alfractaal
The Soprer is again In the course of the turnoutAn unprecedented third wave within the same bull cycle.
Historically, a persistent Soprend trust and a healthy distribution phase have shown, since LTHS takes a profit. This third lead, still unbroken by a bearish crossover (blue under orange), reflects ongoing profitability among Bitcoin holders.
Interesting is that this signal has not yet been met with a great sentiment.
Source: Santiment
Despite soprilis -flashing green, santiment data unveiled A sharp dip in social volume at the time of the press. In other words, holders are profitable, but the crowd does not seem to give it (yet).
Could this be the stealth phase of the market? As long as Sopr is holding and euphoria remains damped, there is still room for a surprising movement to the advantage.
Momentum pauses but no demolition yet
BTC consolidated near the $ 108k level with low volatility on a period time.
The RSI rested around 54.9 and reflected neutral momentum – neither overbought nor sold – while the MacD showed a weak but constant bullish crossover.
Despite earlier profit, the histogram is flattened, which indicates decreasing purchasing pressure.
Source: TradingView
Yet no bearish divergence has yet surfaced. With soprending and crowd of excitement still modest, this cooling phase can simply be the calmness before the next movement.