Bitcoin Surpasses $120K as Market Stabilizes and Accumulation Phase Begins
- Bitcoin (BTC) has risen above $120,000 for the first time since August, indicating a potential accumulation phase.
- The Short-Term Holder Realized Value (RVT) ratio has been compressing since May, suggesting reduced speculative excess in the market.
- Long-Term Holders Net Position Change has shifted to neutral territory after a prolonged distribution phase.
- Short-term holders’ losses have shown signs of absorption, with the STH-SOPR metric rebounding to 0.995 from a low of 0.992.
- If current trends hold, Bitcoin may form a structural base between $115,000 and $120,000 similar to previous consolidation phases.
As long-term holder selling pressure eases and short-term holders stabilize their positions, Bitcoin is poised for potential growth in the near term. The shift towards neutral LTH flows indicates that institutional inflows could drive future momentum.
With Bitcoin currently consolidating above $115,000 and showing signs of market resilience, traders are closely monitoring this key threshold at $120,000 for further developments. (Source)
