BTC’s upward configuration is initial stage: Bitcoin Vector

Bitcoin (BTC) continues in a phase of technical strength, with clear signs that the upward configuration is still in an initial stage. This is stated by the Bitcoin Vector analysis equipment, based on its market monitoring tool.

According to this firm, the price structure remains solid and impulse indicators are gaining traction. The combination of these factors Anticipate the entrance to a more pronounced growth stage.

The Bitcoin Vector model includes three key components: the price displacement structure, which detects when the market changes to an upward trend; he momentumthat measures the strength of that trend; and a third stage called “Full Bull”, Which historically has preceded rapid increases in the price of Bitcoin.

According to the firm, each recent bullish cycle has begun with an activation of these signals. In November 2024, the ignition of the “Full Bull” mode It coincided with a 50% rise and in May 2025 with an advance of 15%.

In the most recent analysis, the three components have been activated again. The technical structure is considered firm, the impulse has begun to increase and a new ignition signal indicates that The market could enter an accelerated growth phase. According to the firm, “a totally bullish impulse awaits us.”

The following graph provided by Bitcoin Vector reflects that there is already a displacement in the price and that the momentum is upwards, which, according to them, will decant in an imminent price increase.

Is it all for Bitcoin?

This panorama coincides with a broader favorable environment for Bitcoin. The question that dominates the conversations between analysts is whether BTC has already reached its roof or if there is still a margin of growth. Taking into account the available data, most of the on-chain technical and metric indicators point to the second option.

One of the elements that reinforces this scenario is institutional adoption. Bitcoin’s contributing funds (ETF) are registering significant input flows.

Only on July 16 was reported a net income of 799.4 million dollars in these financial products, marking the tenth day of mass tickets. This institutional capital injection reinforces Bitcoin’s demand, By reducing the supply available in the market.

Sosovalue’s following graph shows the massive income of money to Bitcoin ETF since its launch, in January 2024.

ETF directly influence the price of Bitcoin because their operation implies the purchase of digital currency by managing companies. As the interest in these instruments grows, the issues must acquire more BTC to support them, which exerts upward pressure on the price. In addition, the regulated and transparent nature of the ETF allows large investors to enter the market with greater confidence.

But not only the great actors are moving the market. The so -called “whales”, which are investors that have more than 1,000 BTC, are also showing an outstanding activity.

In the first days of July, the new whales accumulated benefits made for 641 million dollars, while facing losses for 1,240 million, which suggests a phase of capitulation and profits at the end of June.

In contrast, the old whales – which have maintained their holdings for more than a decade – adopted a more conservative strategy, making earnings for 91 million dollars with minimal losses, According to Cryptoquant data.

This dynamic between new and old whales reflects different strategic behaviors, but both influence the price of BTC. When the whales accumulate, they decrease the circulating offer, and when they sell, they release bearish pressure. The recent return of whales to an accumulation position It can be interpreted as a sign of trust in the growth potential of the asset.

There are currently about 2,117 active bitcoin whales, as seen in the following graph provided by Macromicro. The number of these addresses has increased modestly for a couple of years, when there were 2,018 active whales.

This has happened in a context in which Bitcoin has been appreciated in 300% in the same period, from $ 30,200 to USD 120,000.

Retailers take position

At the same time, retail demand is also gaining strength. Little investors, known as shrimp, crabs and fish in the bitcoiner jargon, have begun to acquire Bitcoin accelerated.

According to Glassnode data, these groups accumulate around 19,300 BTC per month, far exceeding 13,400 BTC that Bitcoin miners produce in the same period. This difference indicates that demand is not only absorbing the new offer, but also reducing the existing availability in the market.

This situation generates an imbalance between supply and demand that the price of BTC increases. As retailers withdraw circulation bitcoin, a shortage is created that acts as a catalyst For sustained ups.

The following graph shows the behavior of retail demand and its growing accumulation of Bitcoin:

Analyst Andrés Meneses highlighted the silent nature of this accumulation. “Retailers accumulate while the market is distracted. For when the holders reflect it, the supply shock is already irreversible and Bitcoin reaches new maximums,” he explained.

Together, these factors reinforce the vision that Bitcoin is still at an early stage of its current bullish cycle. The confluence between technical signals such as those of the Bitcoin Vector model, the institutional flow towards the ETF, the activity of the whales and the growing retail interest draw a panorama where the buying pressure exceeds the available offer.

While the market continues to seek confirmations, analysts agree that the BTC technical scenario has changed decisively. According to Bitcoin Vector, We are in the initial stages of an impulse that could be intensified If the current conditions are maintained. For now, the market continues to observe carefully, but the signals are clear: the upward movement is just beginning.