Bitcoin finds a strong support zone in the midst of mass accumulation

By Hannah Pérez

Bitcoin is located on the USD $ 108,000 after having conquered new unprecedented price maximums this week. Find a key support zone in the middle of aggressive accumulation.

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• Bitcoin is located on USD $ 108,000 after conquering new AT.
• Find a solid support zone in USD $ 94,000 in the middle of aggressive accumulation.
• Investor purchases of all sizes help boost prices.
• Signals of optimism in the market: operators visualize more ruptures on the horizon.

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Bitcoin (BTC) captured attention this week when it broke new high -price historical maximums above USD $ 111,000.

The unprecedented levels in the graphics crowned the cryptocurrency as the 5th largest asset in the world, with a market capitalization that eclipses Amazon and begins to step on Apple’s heels.

While since then Bitcoin It has been corrected downwards, placing around USD $ 108,000 at the time of writing these lines, certain indicators suggest that the market is at a key moment with the distinguished cryptocurrency forming one of the strongest support areas of the current cycle in the middle of a massive accumulation of the holders.

The analysts of Glassnode have identified the level of USD $ 94,000 as a strong support zone for Bitcoin due to the large number of currencies purchased at that price and in the midst of a broader trend of accumulation between investors of all cohorts.

“More than 420,000 BTC They now have a cost base close to the USD $ 94,000 level, which forms one of the strongest support areas of the current cycle“analysts wrote suggesting that Many investors entered the market at that price level, which creates an important reference point.

More than 420k $ BTC NOW HAVE A COSIS BASIS AROUND THE $ 94K LEVEL, Forming One of The Strongest Support Zones in The Current Cycle. This dense cluster of accumulation has held firm this #Bitcoin‘s breakout to new highs. pic.twitter.com/umqnueaip8

– Glassnode (@glassnode) May 23, 2025

According to the analysis, the owners have been buying and maintaining Bitcoin Around these levels, creating a concentration of holdings in that price area, a phenomenon that has helped boost cryptocurrency towards new historical maximum.

“This dense accumulation group has remained firm during consolidation in early May, which has served as a platform for the rupture of Bitcoin Towards new maximums“The team said Friday.

Aggressive accumulation between investors

At the same time, the Chain data of Glassnode show that Bitcoin It is in an unprecedented accumulation phase. He ‘ACCUMULATION TRED SCORE ‘ It reached the maximum value of 1.0, which suggests that a broad base of investors from all cohorts, from retailers to large whales, are buying with enthusiasm.

This metric evaluates the relative purchase force for different wallet sizes, taking into account both its existing holdings and the amount acquired in the last 15 days. Exchanges exchanges and miners to avoid distortions, as explained COINDESK.

This change marks a reversal of the sales trend observed after the historical maximum of Bitcoin In January 2025, suggesting that investors see the current price as an opportunity to position themselves in the long term.

The accumulation tendency began to be observed after mid -April, led by whales —Billeteras with more than 10,000 BTC. At that time, the data coincided with the output flows of Bitcoins Among the centralized exchanges (CEX), which towards the last weeks of April reached their highest point in two years.

Recent data of Glassnode They suggest that, in the following weeks, other investor cohorts have begun to join this cumulative wave, with investors of all sizes intensifying their purchase behavior.

Market optimism signs

But optimism does not seem to limit only to buyers of Bitcoin spot.

In the options market, Merchants are showing overwhelming confidence in the future of cryptocurrency. Purchase options (Call Options) for USD $ 200,000 and USD $ 300,000 prices in June 2025 are the most popular, with notional values ​​of USD $ 420 million and USD $ 620 million, respectively.

This enthusiasm suggests the anticipation of a sustained rally, with some even dreaming of a Bitcoin at levels never seen before.

The analysts of Standard Chartered They are some that have visualized a top of USD $ 120,000 this same quarter, although, in the midst of price increase in recent weeks, they have indicated that this objective level could even be too conservative.

Bitcoin on USD $ 108,000

Bitcoin It reached a maximum of historical price in USD $ 111,970 on May 22, in line with a sustained impulse for several days and just in the middle of the Bitcoin Pizza Day celebrations. Analysts have identified factors such as solid institutional, sovereign and corporate demand as key catalysts of current upward action.

The high flows between the funds quoted in the stock market (ETF) of Bitcoin in cash. UU. They are a sign of this insistent institutional appetite. On Wednesday, the ETF combined Bitcoin and Ethereum They marked their greatest entry since January.

Bitcoin He retracted from the new Alcista border on Friday, after President Trump threatened with new tariffs for the European Union and Apple, in case he manufactures his iPhones outside the United States.

Bitcoin It is negotiated above USD $ 108,700, 1% less in the last 24 hours, according to data from Coinmarketcap; although even at this level “It has 100% of the offer in profits“, according to Glassnode.

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Article written with the help of AI, edited by Hannah Pérez / Diariobitcoin

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