{"id":25583,"date":"2025-05-07T12:46:52","date_gmt":"2025-05-07T12:46:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25583"},"modified":"2025-05-07T12:46:52","modified_gmt":"2025-05-07T12:46:52","slug":"bitcoin-accumulation-strengthens-as-btc-approaches-key-resistance","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25583","title":{"rendered":"Bitcoin Accumulation Strengthens as BTC Approaches Key Resistance"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC) is now up 3% since the beginning of May, after gaining 14% gain in April. <\/p>\n<p>Inflows into <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/07\/blackrock-s-spot-bitcoin-etf-tops-world-s-largest-gold-fund-in-inflows-this-year\">BTC exchange-traded funds<\/a> (ETFs) have accelerated over the past two weeks, while <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/07\/metaplanet-lifts-bitcoin-stash-by-555-btc-plans-to-sell-debt-to-buy-more\">consistent bitcoin treasury accumulation<\/a> continues to support the market. <\/p>\n<p>From an on-chain perspective, Glassnode data shows that both short-term holders (STHs) and long-term holders (LTHs) have increased their supply holdings, LTHs  since early March, while STHs have begun accumulating over the past week.<\/p>\n<p>Glassnode defines LTHs as investors who have held BTC for 155 days or more, while STHs have held for less than 155 days. In their <a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-17-2025\/\">latest weekly report<\/a>, Glassnode notes that LTHs have increased their holdings by over 250,000 BTC, since the start of March, taking the cohort\u2019s total supply to over 14 million BTC.<\/p>\n<p>&#8220;This suggests a degree of confidence has returned, and accumulation pressures are outweighing the propensity for investors to spend and de-risk,\u201d according to Glassnode.<\/p>\n<p>While STHs often act in opposition to LTHs, they too have shown signs of renewed accumulation, adding over 25,000 BTC in the past week. This marks a reversal from the net distribution of more than 200,000 BTC that began in February 2025, coinciding with the onset of bitcoin\u2019s 30% drawdown.<\/p>\n<p>With BTC currently flirting with the $97,000 level, this broad-based accumulation indicates a restoration of confidence across investor cohorts. However, Glassnode also identifies a major resistance level at $99,900, where long-term holders may begin to realize profits when they start to hold a +350% unrealized profit margin, according to Glassnode data. <\/p>\n<p>\u201cAs such, we can anticipate an uptick in sell-side pressure as the market approaches this zone, making it an area that will likely require substantial buy-side demand to absorb the distribution, and sustain upwards momentum&#8221;.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/07\/massive-bitcoin-bull-run-ahead-two-chart-patterns-mirror-btc-s-rally-to-usd109k\">Massive Bitcoin Bull Run Ahead? Two Chart Patterns Mirror BTC&#8217;s Rally to $109K<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) is now up 3% since the beginning of May, after gaining 14% gain in April. Inflows into BTC exchange-traded funds (ETFs) have accelerated over the past two weeks, while consistent bitcoin treasury accumulation continues to support the market. From an on-chain perspective, Glassnode data shows that both short-term holders (STHs) and long-term holders [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25583","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25583"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25583\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}