Bitcoin accumulation and mining trends signal potential price breakout

In recent weeks, Bitcoin (BTC) has exhibited signs of a potential upswing, underpinned by notable shifts in accumulation behaviour and strengthening mining economics. As the flagship cryptocurrency oscillates around the $96,000 mark, analysts are increasingly focused on on-chain metrics that have historically foreshadowed major market turns. Holders accumulating BTC Long-term Bitcoin holders have added roughly 150,000 BTC to their wallets over the past month, signalling a decisive shift from profit-taking to strategic stockpiling. This surge in hodler buying has effectively shrunk the available BTC supply, creating conditions for upward price pressure. In addition, recent MVRV data shows the ratio rebounding above its 1.74 mean, a level that historically coincides with the nascent stages of bull markets. Growing inflows into Bitcoin-focused ETFs and corporate treasury purchases have also expanded the pool of fiat liquidity earmarked for long-term storage rather than short-term trading. On-chain signals indicate that historically dormant coins are reactivating, reflecting renewed confidence in Bitcoin’s long-term value proposition. Analysis of exchange net flows reveals a decline in outflows, implying that fewer coins are moving to trading venues for potential sale. The combined effect of dedicated hodler accumulation and fresh fiat entering the market suggests a looming supply deficit. Bitcoin miner economics point to a favourable environment In addition to holders accumulating BTC, Bitcoin’s network hash rate has rebounded strongly from its recent trough, underscoring miners’ confidence in sustained security and prospective price gains. Data from the Blockware Team shows average miner breakeven costs hovering near current market prices, indicating many operations are teetering on the edge of profitability. In addition, the 30-day moving average of the mining cost-to-price ratio stands at approximately 1.05, suggesting that marginal miners may curtail production if prices do not climb. Giovanni’s hash rate valuation model has reached a support zone that historically aligns with major market bottoms and subsequent rallies. As unprofitable rigs face shutdowns, the resulting contraction in new Bitcoin issuance could intensify supply shortages and amplify price spikes. The miner capitulation metric has dipped below historical thresholds, hinting that the worst of the shakeout may be over and network growth is poised to resume. With sustainable energy adoption rising among mining operations, the sector’s environmental footprint is improving, attracting institutional interest driven by ESG considerations. Together, enhanced miner economics and a resilient hash rate point to a healthier network ready to absorb external shocks and supply-side constraints. Bitcoin price forecast Bitcoin’s tight consolidation between $95,000 and $97,500 marks a critical inflexion point, where a decisive breach above $97,000 could ignite a rally toward the psychological $100,000 level. According to Analyst Axel Adler, the Bitcoin Liquidity Index—now in its third expansion phase—combines normalised on-chain metrics with exchange flows to reveal structural market rejuvenation. Axel 💎🙌 Adler Jr @AxelAdlerJr · Follow Currently, the market is in the third phase of liquidity expansion. The index incorporates all key on-chain network metrics as well as exchange data. Because every component is normalized, it isn’t skewed by BTC/USD exchange‐rate fluctuations. Monthly readings are climbing now 4:41 PM · Apr 30, 2025 151 Reply Copy link Read 15 replies Despite elevated macroeconomic uncertainties such as recession fears and trade tensions, Bitcoin’s successful retests of the $90,000 support have bolstered bullish conviction. Should liquidity readings remain elevated through the month’s close, historical patterns suggest Bitcoin could retest its previous all-time high near $69,000 before pushing higher. In the event of a clean breakout above $100,000, this psychological barrier is likely to flip into a new support zone, opening the door for unprecedented price discovery. Conversely, a breakdown below $90,000 might trigger a correction toward the $85,000–$88,000 demand area, underscoring the delicate balance between momentum and structural support. Market sentiment surveys are increasingly projecting that Bitcoin’s next major rally will unfold in Q2 2025, aligning with seasonal bullish trends in crypto markets. Technical indicators such as the Relative Strength Index (RSI) are trending upward, reinforcing the view that bullish momentum is quietly building beneath the surface. As investors await confirmation from volume and momentum signals, the interplay of strategic accumulation, robust miner fundamentals, and sustained liquidity expansion will define Bitcoin’s path to a potential new all-time high. The post Bitcoin accumulation and mining trends signal potential price breakout appeared first on Invezz

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