Latest on-chain spot market indicators show:

Spot Buying Resurges (Left Chart):

Bitcoin’s 90D Spot Taker CVD has turned green for the first time after three months in red (seller-dominant). This suggests the sell-off from $120K down to $90K has been absorbed, and real spot demand is forming a support zone at $88K–$90K.

Whale Accumulation & Retail Entry (Right Chart):

November’s sharp drop became a whale accumulation zone (dense green dots), marking a transfer of coins from panic sellers to large holders. Whales are now pausing and observing, letting retail (red dots) push the price off the cost zone.

Overall, the data points to a neutral setup:

Short-term bullish, long-term cautious.

Upside: The $85K–$90K base is strong because it aligns with whale cost levels—an area they will defend.

Concern: The current rise is powered mainly by retail. Without fresh whale buying (new green dots), it will be difficult for retail alone to break upper resistance.

If whale accumulation resumes, a rebound similar to March–April (right chart) becomes likely. Otherwise, retail demand alone may not sustain upward momentum.

Written by Sunny Mom