Bitcoin’s on-chain strength and resistance test highlight a critical moment for trend continuation.
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Realized Cap surged to $3 billion, while the Stock-to-Flow Ratio spiked, reinforcing Bitcoin’s scarcity-driven narrative.
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BTC hit a new ATH of $111,381 on the charts as NVT stayed below the overheating threshold.
Bitcoin’s [BTC] Realized Cap surged by over $3.004 billion in just 24 hours, signaling strong market-wide accumulation.
This 0.33% increase in total allocated capital points to a now-familiar post-halving pattern: impulsive price action followed by tight consolidation.
The rise in Realized Cap confirms long-term investor conviction as buyers continue to accumulate at increasingly higher price levels.
This behavior suggests the beginning of another bullish leg as the aggregate cost basis rises in tandem with capital inflows.
Stock-to-Flow Ratio spikes 16.67%: Is BTC’s scarcity driving price?
On top of that, Bitcoin’s Stock-to-Flow (S2F) Ratio has leapt 16.67% within the same 24-hour window.
This metric reflects a deepening scarcity trend, with current supply increasingly constrained relative to newly mined coins.
Historically, such spikes in S2F often coincide with aggressive long-term investor accumulation and precede strong bullish price trends.
Therefore, this jump in scarcity underscores the market’s expectation for higher valuations ahead.
Source: CryptoQuant
Exchange Netflows suggest modest inflow despite rising prices
Interestingly, Exchange Netflows tell a more tempered story.
Despite Bitcoin’s ongoing rally, netflows across aggregated exchanges show a modest 24-hour inflow of +579 BTC.
In fact, over the past seven days, Net Inflows stood at +697 BTC, while the 30-day change still reflects minor outflows at -114 BTC.
This pattern suggests a balance between profit-taking and strategic accumulation. However, the limited inflow amidst rising prices highlights investor hesitation to offload large holdings.
In this context, the market appears to be consolidating without clear sell pressure, implying confidence in further upside.
Source: IntoTheBlock
NVT Golden Cross is rising but not signaling overheating yet
Moreover, the NVT Golden Cross is on an upswing, but still sits comfortably below the 2.2 danger zone.
The indicator stood near the midpoint of its historical range, implying that while Bitcoin’s valuation is increasing faster than on-chain transaction volume, the divergence remains within healthy bounds.
That’s good news for bulls.
A rising NVT without breaching critical thresholds means price appreciation still looks sustainable. If volume catches up, this divergence could support a stronger continuation rally.
However, the lack of overbought conditions provides room for further upside without triggering immediate correction signals.
Source: CryptoQuant
BTC breaks supply zone near $108K
Bitcoin has officially broken above the $108K supply zone, flipping previous resistance into potential support. At the time of writing, BTC traded at $110,412. This move marks a clear technical breakout as the price pushed past a historically strong ceiling.
Additionally, the MACD indicator has turned bullish, with a crossover confirming momentum strength. Parabolic SAR dots continue to trail beneath price candles, supporting the uptrend.
Therefore, the breakout could pave the way for a continued push toward $115K if buying pressure holds at current levels.
Source: TradingView
Is Bitcoin poised for a continuation toward $115K?
The surge in realized cap, rising S2F ratio, and breakout above $108K supply confirm bullish strength. While exchange flows remain modest and the NVT ratio is climbing, no signs of market overheating are present.
Therefore, Bitcoin looks primed for continuation toward the $115K zone, supported by strong momentum and accumulating investor interest.
Conclusion
In summary, Bitcoin’s indicators show promising bullish signs without the typical red flags of market overheating. Investors remain cautious yet optimistic, potentially setting the stage for continued upward momentum.
