Bitcoin Enters Deep Accumulation Phase as $110K Breach Sparks Bullish Outlook
Bitcoin is witnessing its most widespread accumulation since January, with all wallet sizes piling in as prices surge past $110,000—up 18% over the past month.
On-chain analytics firm Glassnode reports that its Accumulation Trend Score has hit the peak value of 1.0, a signal that holders across the board—from retail users to institutional whales—are buying aggressively. The metric captures both recent BTC acquisitions and pre-existing holdings across non-exchange and non-miner addresses.
This accumulation cycle began in early May, driven initially by whale wallets holding over 10,000 BTC. As bitcoin’s price gained momentum, smaller investors followed suit, creating a synchronized buy-side movement.
The trend represents a stark contrast to the behavior observed between January and April, when many holders were offloading bitcoin during its sharp correction from an all-time high near $109,000 down to $75,000.
Momentum is also picking up in derivatives markets. According to CoinDesk Research, options traders are placing major bets on continued upside. The June expiry $300,000 call has become the most crowded bullish position, carrying $620 million in notional interest. Another $420 million is concentrated around the $200,000 level, suggesting expectations of a major breakout.
Historically, bitcoin has faced selling pressure after reaching new highs. But some analysts now speculate that BTC could mimic traditional assets like the S&P 500 or gold, which often build on record highs rather than retrace. If so, this latest rally could mark the beginning of a more sustained bull run.
