Key Bitcoin indicator flashes again — Will BTC rally to new highs?

Aggressive buying returns as Bitcoin hovers near all-time highs, but whale behavior shows divergence. RSI signals overbought levels, while MACD momentum weakens — BTC needs to break $105K or risk pullback. Bitcoin’s [BTC] momentum is building once again, as aggressive buyers flood the market. The Taker Buy/Sell Ratio has surged to 1.02 – a level not seen since prior to several historic breakouts — showing growing conviction among market participants. On-chain data shows large wallets ramping up accumulation, positioning ahead of what many speculate could be a final push toward new all-time highs. With sentiment heating up and BTC hovering just below its previous peak, is the next leg of the rally about to begin? A surge in market confidence? According to a recent CryptoQuant report , the Taker Buy/Sell Ratio has broken decisively above the 1.00 mark, hitting 1.02 – a level historically linked to breakout moments in Bitcoin’s price action. Source: Cryptoquant Similar spikes were recorded near the $15K-$20K accumulation zone in late 2022 and just before the $30K breakout in October 2023. With BTC now hovering near all-time highs, the return of aggressive buying shows growing conviction — but it also raises the stakes, as this threshold has previously preceded both rallies and sharp reversals. Mega holders have paused While overall accumulation trends remain bullish, a closer look reveals a subtle shift in behavior. According to Glassnode, ultra-large whales holding over 10,000 BTC have cooled their buying activity, returning to a neutral accumulation score around 0.5. In contrast, mid-sized cohorts — wallets holding between 1,000 and 10,000 BTC — remain active buyers, with scores near 0.9. Source: Glassnode Even smaller, institutional-sized wallets show continued strength. Retail, however, continues to distribute. While bullish momentum persists, the rally is increasingly being driven by mid-tier whales rather than the deepest pockets. Bitcoin shows signs of exhaustion The RSI at 70.68 confirmed overbought conditions, often a precursor to local tops or minor corrections. Also, the MACD remained bullish, with the MACD line above the signal line. However, momentum was flattening — reflecting cooling buying pressure. Source: TradingView Price remains range-bound despite earlier surges, hinting at potential exhaustion. If BTC fails to break convincingly above $105K, a short-term pullback to $100K or lower support zones remains in play before any sustained breakout attempt. Share Share Tweet