Key Takeaways
Will whale accumulation spark Bitcoin’s next bull phase?
Whale accumulation of 60,000 BTC indicates growing institutional conviction and tightening market liquidity.
Can Bitcoin sustain momentum after breaking above $125K?
Strong technical structure, rising MVRV, and consistent exchange outflows support continuation toward higher targets.
Bitcoin [BTC] whales holding between 100 and 1,000 BTC have accumulated over 60,000 BTC in just one week, signaling a sharp increase in large-holder confidence.
This level of accumulation mirrors patterns observed during previous pre-rally phases, when institutional investors aggressively built positions before major price surges.
The move suggests whales are shifting from short-term speculation toward long-term conviction, anticipating higher valuations ahead.
Such accumulation often tightens market liquidity, creating favorable conditions for price expansion as supply on exchanges declines and demand pressure intensifies.
Bitcoin price breaks out of a descending channel
Bitcoin has successfully broken above its multi-month descending channel, reclaiming the $125,865 region as a critical support zone.
The structure now shows higher highs forming, confirming renewed bullish momentum.
However, a brief retest of this support could occur before another leg upward begins. The next resistance stands near $135,389, which aligns with the projected breakout target.
This technical setup strengthens the bullish narrative established by whale accumulation, suggesting that Bitcoin could sustain its advance if price stability holds above the current zone.
Source: TradingView
MVRV Z-Score and NVT ratio reflect…
The MVRV Z-Score continues to climb. The ratio was at 2.684, at press time, showing that holders are increasingly in profit as Bitcoin’s value appreciates.
Meanwhile, the NVT ratio at 743 maintains a moderate rise, indicating active on-chain utility supporting current valuations.
This combination highlights a healthy network where value creation aligns with transaction activity.
Historically, when both metrics expand together, it signals growing confidence rather than overheated speculation.
Therefore, the current alignment reinforces the notion that Bitcoin’s rally is being supported by strong fundamentals rather than short-term hype.
Exchange inflows continue to decline!
Spot exchange data reveals sustained negative netflows, with recent readings showing over $17 million leaving exchanges.
This pattern reflects a consistent trend of investors moving BTC off trading platforms, signaling long-term holding behavior.
Reduced inflows indicate lower selling intent and contribute to tightening supply across markets. Moreover, these persistent outflows historically precede periods of significant upward price movement, as selling pressure diminishes.
This combination of falling exchange balances and growing whale confidence points toward a maturing market entering a renewed accumulation phase.
Is Bitcoin gearing up for a new leg toward $135K?
Bitcoin’s synchronized whale accumulation, breakout structure, improving on-chain health, and persistent exchange outflows present a strong bullish case.
The $125K zone now serves as a critical validation point for sustaining upward momentum. If accumulation continues and network activity remains robust, Bitcoin could soon challenge the $135K region.
However, failure to hold the new support could delay the next major advance. For now, all key indicators align to suggest that strong hands are firmly in control, setting the stage for the next leg higher.
