- Short-term holder activity mirrors past rallies, indicating bullish strength.
- A momentum ratio near 1.0 suggests the market may enter a breakout phase
Bitcoin has surged past $96,000, reflecting a 2.75% gain in the last 24 hours. Analysts report a steady upward trend, with strong on-chain signals supporting continued price movement.
Source: Coinmarketcap
Accumulation patterns and short-term holder activity mirror past rally phases. As tracked by major indices, market sentiment points to a potentially bullish continuation into the coming months.
On-Chain Momentum Ratio Indicates Three Market Scenarios
CryptoQuant reports that Bitcoin is in the “start” zone of a rally, based on its current on-chain momentum ratio of 0.8. If this ratio climbs above 1.0 and remains there, historical trends suggest that Bitcoin could surge to between $150,000 and $175,000. This aligns with movements recorded during the 2017 and 2021 bull markets.
Bitcoin Composite Index Source: CryptoQuant
If the ratio is steady between 0.8 and 1.0, analysts expect Bitcoin to trade sideways within $90,000 to $110,000. In this base case, holders will likely maintain positions without aggressively increasing exposure.
According to CryptoQuant’s projections, a drop below 0.75 could shift the momentum, potentially triggering a correction to the $70,000–$85,000 range.
Accumulation Patterns Resemble Previous Rallies
CryptoQuant also highlights an uptick in activity among short-term holders (STH), often a precursor to upward price movement.
Historical data show that similar spikes in STH activity accompanied previous rallies. Yellow arrows on recent charts show a clear correlation between STH activity increases and Bitcoin price gains.
Bitcoin Realized Cap UTXO Age band Source: CryptoQuant
The realized cap is also rising, a metric that tracks the value of coins based on their last traded price. This steady increase indicates ongoing accumulation, reinforcing the possibility of bullish price action.
Currently, Bitcoin remains close to $96,566, and the structure of accumulation is consistent with the early phases of previous bull runs.
CBBI Rise Reflects Improving Market Sentiment
The Crypto Bitcoin Bull Run Index (CBBI), which combines various on-chain indicators and sentiment data, has reached its highest monthly levels. This rise coincides with Bitcoin’s current price trend, suggesting stronger market optimism.
Source: Coinglass
According to Coinglass data, the CBBI has mirrored Bitcoin’s price climb since the start of 2025, further supporting the bullish case.
As Bitcoin hovers around $96,354, the CBBI’s surge is a positive signal for future momentum. Analysts note that rising investor confidence could push the price above the $100,000 mark if trends continue.
Disclaimer:Â This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
