Bitcoin: As 2 major groups return, is BTC ready for a strong rebound?

Key Takeaways

Whale and retail cohorts accumulate Bitcoin as price holds above ascending $110K trendline. Rising network activity and Stock-to-Flow ratio reinforce Bitcoin’s long-term bullish structure.

Over the last 15 days, Bitcoin [BTC] has attracted renewed attention from both whales and retail investors, signaling growing confidence after the recent correction. 

Despite some price weakness, BTC remains above the key $110K level, with technical and on-chain indicators pointing toward potential upside momentum. 

At the time of writing, Bitcoin was trading at $114K, showing signs of consolidation above its ascending support. 

The balance between accumulation and market caution reflected the tug-of-war between short-term corrections and long-term conviction.

Synchronized accumulation

Recent data from Glassnode confirmed that both large holders (>10K BTC) and small wallets (<1 BTC) have consistently accumulated Bitcoin over the past two weeks. 

This cross-cohort activity indicated synchronized dip-buying behavior amid price weakness. 

Historically, accumulation by these two segments often precedes a price bounce, as it reflected conviction from both experienced investors and new entrants. 

However, since this metric uses a 15-day smoothing window, it might lag short-term sentiment. Still, the renewed appetite across all levels suggests that investors are positioning for a potential rebound.

Source: X/Glassnode

Bitcoin holds the $110K level

Bitcoin’s price continues to respect the ascending trendline, maintaining critical support above $110K. This level has held firmly despite short-term volatility, reinforcing the bullish structure. 

The RSI was 46 at press time, hovering just below neutral territory, which signaled room for upward recovery without signaling overbought conditions. 

As long as price action respects this trendline, the bullish outlook remains valid. 

If momentum continues to build, BTC may retest resistance levels around $118K to $122K in the near term.

Source: TradingView

Expanding demand across the network

On-chain data shows a consistent rise in address activity. Over the past seven days, new addresses rose by 5.75%, while active addresses climbed by 8.15%. 

Zero-balance addresses also surged 15.12%, possibly indicating wallet reorganization or increased transfer activity. 

This broad growth suggests rising user participation and expanding network utility. These trends are often early signals of demand-side strength, especially when paired with accumulation patterns. 

Therefore, the uptick in address metrics could serve as a foundational pillar for a stronger bullish case.

Source: IntoTheBlock

Bitcoin’s long-term scarcity narrative boosted

The Stock-to-Flow (S2F) ratio surged by over 66% to reach 1.0614M, indicating heightened scarcity relative to supply issuance. 

A rising S2F metric historically aligns with bullish long-term price trajectories, particularly when supply tightens amid rising interest. 

While this metric doesn’t predict short-term price action, it supports Bitcoin’s value narrative as digital gold. 

Coupled with address growth and ongoing accumulation, the jump in S2F bolsters the view that BTC’s long-term fundamentals remain strong.

Source: CryptoQuant

Investor preference for long-term holding

Spot exchange flows continue to show consistent outflows, with -$53.68M recorded on August 6. 

This suggests investors are increasingly moving assets to cold wallets, reflecting long-term holding behavior. Sustained outflows typically point to reduced sell pressure and increasing market conviction.

 Despite the recent correction, this trend shows that market participants are not panic selling. Instead, they seem to be preparing for a prolonged hold, reinforcing the underlying bullish structure.

Source: CoinGlass

To sum up, Bitcoin appears to be stabilizing as key metrics show positive shifts across investor behavior, technical support, and on-chain activity. 

The alignment of whale and retail accumulation with rising network engagement and declining exchange supply sets the stage for a potential bullish continuation. 

Whether BTC can break through its next resistance zone will depend on how long these trends persist.