With a modest 1.6% rise over the last 24 hours, Bitcoin is back on its upward path, currently trading at $107,428. This recovery follows last week’s drop to around $100,000, provoked by widespread market instability and profit-taking.
While Bitcoin still lags around 4.2% behind its all-time high of $111,000, achieved last month, the weekly trend indicates a 3.3% growth, indicating that buyers are slowly regaining their faith. This market sentiment is reflected in a series of on-chain metrics studied by CryptoQuant contributor Amr Taha.
In his analysis, “On-Chain Data Hints at Bitcoin’s Next Leg Higher,” Taha scrutinized several metrics that suggest the rally may continue. These include the Binance Taker Buy/Sell Ratio, UTXO age bands, and the Long-Term Holder (LTH) realized cap. All three hint at active accumulation and a shift towards renewed bullish sentiment among market participants.
Taha highlighted Binance’s Taker Buy/Sell Ratio, which recently reached 1.1. This ratio assesses the volume of aggressive market purchases against market sales on the Binance exchange. A ratio over 1 often suggests a stronger buying conviction, implying more participants are ready to buy at market price than sell.
Another potent metric is the Buy/Sell Pressure Delta over the last 90 days. This metric shows the net difference between buying and selling pressure and is now halfway to its historical peak at 0.02. According to Taha, this implies a market with more room for accumulation, not yet overheated.
Taha also pointed out that the Long-Term Holder (LTH) Realized Cap has now exceeded $56 billion, reflecting that strong hands hold a larger portion of Bitcoin supply. These coins, which have not moved in over 155 days, represent investors with higher conviction. The rise in this metric suggests many investors anticipate higher valuations in the forthcoming weeks or months.
Furthermore, over $550 million in stablecoins have reportedly flowed into Binance recently. Such inflows into spot exchanges often signify readiness to deploy capital for direct asset purchases.
All these indicators can be interpreted as a leading signal of potential volatility or buying pressure. If this trend continues, Bitcoin’s short-term price movement may benefit from ongoing accumulation and institutional positioning.
