- Bitcoin’s all UTXO age bands are now in profit, signaling full-chain confidence and stronger hands across the board.
- Stock-to-Flow and NVM Ratios rose sharply, aligning scarcity and utility with BTC’s current price surge.
Bitcoin [BTC] has entered a rare on-chain phase where all UTXO age bands are in unrealized profit.
This shift confirms that every group of holders, including those in the 3 to 6 months range, now holds profitable positions.
Reportedly, the transition occurred once Bitcoin broke above $98,138. This milestone reflects growing investor confidence and market strength. At press time, Bitcoin traded at $102,942, up 3.32% in 24 hours.
Therefore, profit realization across the network may fuel the next major price expansion.
Are whales and institutions positioning early?
Large holder behavior has shifted notably.
The 7-day Exchange Netflow Ratio has surged by 69%. This move indicates that whales are either preparing to sell or repositioning near a key resistance.
Historically, netflow spikes near price ceilings often precede large market moves. Therefore, rising inflows suggest elevated caution or anticipation.
Source: IntoTheBlock
Moreover, transaction growth has been broad. Transfers between $10K–$100K rose 25.85%, while $1M–$10M volumes climbed 26.18%. This broad growth indicates rising confidence and liquidity throughout the market.
Therefore, both retail and institutional participants are becoming more active. Such synchronized activity often strengthens market structure and supports upward continuation.
Source: IntoTheBlock
Is growing network activity reinforcing Bitcoin’s bullish trend?
On-chain activity also turned up.
Active Addresses increased by 8.79%, and New Addresses were up 8.13% this week. Therefore, fresh demand is entering the market.
Historically, rising address counts have coincided with the early phases of strong bullish cycles. Moreover, new user inflow adds to organic demand and reduces reliance on speculative momentum.
Source: IntoTheBlock
Valuation metrics now align with bullish momentum.
Bitcoin’s Stock-to-Flow Ratio jumped 75% post-halving, indicating increased scarcity, just as supply shocks begin taking hold.
Meanwhile, the NVM ratio climbed 19.01%, showing that price growth is supported by expanding network utility.
Therefore, both scarcity and usage now support higher valuations. These metrics typically align during strong bullish phases.
Is BTC about to break out from the cup-and-handle pattern?
Bitcoin has formed a clear cup-and-handle pattern.
Its neckline resistance lies around the $108K mark. Therefore, a breakout above this level could trigger a surge toward $120K.
The current rally has structure, volume, and on-chain support. Moreover, historical breakouts from this pattern tend to lead to rapid price expansion.
Traders often watch such levels closely. If buyers maintain control, Bitcoin may enter a new price discovery phase. The next few days will be critical for confirming this bullish setup.
Source: TradingView
Ultimately, BTC now enjoys full-chain profitability, whale interest, and strong technical structure. Therefore, momentum clearly favors the bulls.
However, $108K remains a crucial resistance level. If buyers break this zone with conviction, Bitcoin may chart a path toward new all-time highs.
The foundation appears stronger than previous rallies, supported by network usage and scarcity. This makes the current move not just a breakout attempt but a potential launchpad.