In accordance with a tweet not too long ago revealed by Glassnode, an necessary Bitcoin metric has demonstrated a big surge, which traditionally has bullish implications. This metric has surged just some instances this yr.
Bitcoin demonstrates excessive investor demand
This occurred after Bitcoin surged above the $100,000 stage for the primary time since January and topped the $105,000 stage.
The tweet comprises a chart, based on which the 7D SMA, the Bitcoin Spot Quantity Delta metric, has turned constructive and hit a neighborhood excessive on Tuesday. This index measures web shopping for strain because it subtracts promote quantity from purchase quantity throughout main cryptocurrency exchanges.
The 7D SMA of $BTC Spot Quantity Delta has flipped constructive, hitting a neighborhood excessive yesterday close to $5B. This aggressive web taker demand has solely appeared a couple of instances this yr – confirming that the transfer above $100K is backed by actual spot market conviction. pic.twitter.com/4QtFpER7N8
— glassnode (@glassnode) Might 14, 2025
On this chart, it reached a peak of $5 billion on Might 13. This implies the presence of robust demand for Bitcoin, based on Glassnode: “The transfer above $100K is backed by actual spot market conviction.” Robust shopping for strain is at present dominating the market, based on this knowledge. Nonetheless, traditionally, such FOMO-driven flips can precede huge value corrections.
Bitcoin whales maintain accumulating
Earlier this week, one other common on-chain knowledge tracker, Santiment, revealed a submit on the X app, revealing that giant Bitcoin whales, which maintain between 10 and 10,000 BTC, have scooped up 83,105 Bitcoins over the previous 30 days. That is the equal of $8,653,856,618. As for small wallets, which maintain lower than 0.1 BTC, these holders have bought 387 Bitcoins over the identical interval.
🐳🦈 Bitcoin’s key whale & shark tier (holding 10-10K BTC) have now collected 83,105 extra BTC up to now 30 days. In the meantime, the smallest retail holders (holding
For each tiers, these are vital actions relative to… pic.twitter.com/Xg5FmF57GQ
— Santiment (@santimentfeed) Might 13, 2025
Smaller wallets, Santiment believes, are demonstrating clear indicators of profit-taking since they imagine that the world’s largest cryptocurrency is more likely to attain a high quickly after which reverse. Nonetheless, based on Santiment, since massive whales proceed to build up Bitcoin aggressively, BTC might quickly attain $110,000. Particularly, this state of affairs appears possible after the tariff pause between the U.S. and China that was established over the weekend.
At press time, Bitcoin is altering palms at $103,990 per coin.
