Bitcoin Enters an Accumulation Phase 🟨Fresh data on Bitcoin’s realized cost basis suggests that holders with 3–6 month positions have begun accumulating — a group that often shapes mid-cycle trends. These investors typically step in during drawdowns, helping stabilize volatility and forming local support zones near their cost levels. 🟨Analysts observe cautious optimism among mid-term holders: on-chain activity is rising, but market structure remains incomplete. This pattern implies that investors don’t yet see current prices as a definitive bottom — many expect one final wave of capitulation and heightened fear before building full-scale positions. https://crypto-jazz.com/bitcoin/2025/11/05/bitcoin-enters-an-accumulation-phase/
Bitcoin Enters an Accumulation Phase
🟨Fresh data on Bitcoin’s realized cost basis suggests that holders with 3–6 month positions have begun accumulating — a group that often shapes mid-cycle trends. These investors typically step in during drawdowns, helping stabilize volatility and forming local support zones near their cost levels.
🟨Analysts observe cautious optimism among mid-term holders: on-chain activity is rising, but market structure remains incomplete. This pattern implies that investors don’t yet see current prices as a definitive bottom — many expect one final wave of capitulation and heightened fear before building full-scale positions.
https://crypto-jazz.com/bitcoin/2025/11/05/bitcoin-enters-an-accumulation-phase/
