- Bitcoin’s short-term holder activity is rising again, resembling the pre-rally signals seen before both major 2024 breakouts.
- BTC is consolidating below $97K, with strong UTXO activity showing over 1M coins realized between $93K and $98K levels.
- Realized cap clusters from $83K to $98K confirm this zone as the strongest accumulation base of the current market cycle.
Bitcoin is showing signs of an accumulation phase that resembles those seen before previous major bull runs. Technical and on-chain metrics indicate renewed short-term holder activity, raising the likelihood of another upward price shift.
Parallel trends are beginning to influence strategic decisions across institutional and retail segments. UTXO-based metrics and price consolidation zones now provide a clear map of current resistance and support.
Short-Term Holder Activity Mirrors Early 2024 Pattern
Bitcoin’s Realized Cap UTXO data shows a fresh spike in 1d 1w age band activity, consistent with pre-rally behavior. “This was followed by strong price rallies,” stated an update by CryptoQuant. The metric previously peaked before major 2024 surges, supporting its reliability as a bullish indicator.
In both January and October 2024, rising short-term holder activity preceded Bitcoin’s rapid climb to new highs. Recent weeks have shown a similar rise, now visible in the histogram around 4%. This compression mirrors the early phases of both previous bull cycles.
Market Recovery Reflected in TradingView Accumulation Patterns
Bitcoin has regained nearly $22,000 since early April, bouncing from a $75,000 low to $96,680 at press time. Data from TradingView shows Bitcoin trading near $97,000 resistance after forming a stair-step structure with declining volatility. The asset remains range-bound near prior highs, with volume slightly lower than April’s recovery base.
The announcement from CryptoQuant underscores increasing UTXO activity near peak zones, including $93,198 and $97,532. These levels hold over one million realized BTC, forming dense resistance clusters. Custody zones between $60K and $70K remain supportive, reinforcing historical accumulation below breakout levels.
Key Resistance Levels Align with Realized Cap Clusters
The $97,000–$100,000 range shows the largest volume of realized UTXOs, with 639,830 BTC at $93,198 alone. Short-term consolidation phases occur repeatedly below this resistance, marking a potential breakout point if momentum continues. These price bands act as a gravity well where strong liquidity meets long-term holders.
UTXO volumes above $100K remain low, indicating limited realized supply at higher levels and opening breakout potential. Current shifts in investor sentiment highlight a new narrative driven by quantifiable historical demand. Realized cap confirms $83K–$98K as Bitcoin’s most actively accumulated range in this cycle.
