Bitcoin (BTC) continues to display strong bullish momentum, with both technical and on-chain indicators supporting the case for a sustained uptrend. Despite minor intraday dips, buyers are steadily pushing the realized price higher, reinforcing confidence in the ongoing rally.
Realized Price Rise Signals Growing Market Confidence
A key indicator fueling this optimism is Bitcoin’s rising realized price—the average price at which all currently held BTC was last moved. According to CryptoQuant analyst Crypto Dan, this metric is trending upward, a pattern historically associated with bull markets rather than corrections.
“The reason the realized price is rising is that more market participants are buying Bitcoin at higher levels,” Dan noted, calling the trend a clear sign that Bitcoin’s uptrend remains intact.
Institutional players have played a significant role in this surge. Major recent buys include Strategy’s acquisition of 13,390 BTC worth over $1.3 billion, and Metaplanet’s purchase of 1,271 BTC for roughly $126.7 million. These high-volume inflows have directly contributed to the rising realized price, as they represent Bitcoin being bought at premium levels.
Long-Term Holders and Whale Accumulation Add Fuel
On-chain data from Glassnode shows Bitcoin’s illiquid supply—held by wallets with a history of minimal selling—has climbed to a cycle high of 14 million BTC. This marks a significant reduction in market liquidity, as more coins are being held tightly by long-term investors.
In parallel, Santiment reports whale wallets have accumulated 83,000 BTC over the past month, another strong indicator of rising institutional confidence and long-term conviction.
Technical Indicators Align with Bullish Sentiment
From a technical standpoint, indicators are also flashing green. CQ analyst Crazzyblockk highlights that the Binance Taker Buy-Sell Ratio remains elevated, reflecting sustained buying pressure. Meanwhile, positive funding rates on major exchanges further support the bullish case.
Prominent market observer Mr. Wall Street even projected that BTC could reach $200,000 by the end of the current cycle, underlining the strength of current market sentiment.
Bitcoin Nears All-Time High
At the time of writing, Bitcoin is trading around $103,468, down slightly by 0.9% in the past 24 hours. Despite this minor decline, BTC has gained nearly 10% over the past week, 22% over the past month, and is up 64% year-over-year.
The leading cryptocurrency is now within 5% of its all-time high of $108,786, and with buyers pushing the realized price higher, the broader outlook suggests Bitcoin’s uptrend is far from over.
