Bitcoin Accumulation Phase Strengthens as Price Surges Past $110,000
Glassnode data reveals a significant increase in wallet accumulation across all cohorts, while options markets are indicating a potential price surge above $200,000 by June.
Bitcoin has entered its strongest accumulation phase since January, with the price surpassing $110,000 in recent trading sessions. Glassnode data indicates that all wallet cohorts are actively accumulating, suggesting growing confidence among investors.
Options markets are also reflecting this bullish sentiment, with expectations of a potential price breakthrough beyond $200,000 by June. This positive outlook has sparked renewed interest and excitement in the cryptocurrency market.
The latest developments signal a shift towards a more optimistic sentiment surrounding Bitcoin, paving the way for further price appreciation in the coming weeks.