Bitcoin (BTC) is once again drawing attention from traders and investors alike after a sharp recovery from recent lows. Over the past week, the world’s largest cryptocurrency has climbed over 13%, regaining strength above the critical $81,000 mark. While this may look like a standard bullish bounce to the casual observer, seasoned analysts believe a more significant shift may be underway.

Behind the price action, a key on-chain metric is flashing a rare signal that often appears before major bull runs—indicating that Bitcoin may be entering a long-term accumulation phase.

Price Reclaims Crucial Support Level

The $81,000 level has proven to be an important zone in Bitcoin’s recent history. It acted as strong support in March before turning into resistance in early April. Now that BTC has pushed above it again, the market is showing renewed short-term bullish sentiment.

Data from Coinglass shows the long/short ratio currently sits at 1.04, meaning that 51% of traders are positioned long. This suggests cautious optimism, especially after the coin rebounded from a low of $74,600—a key support area that some analysts had marked as a potential “accumulation floor.”

Analysts Warn of Potential Pullback

Despite the bullish bounce, not all experts are convinced the uptrend will continue uninterrupted. Veteran market analyst Peter Brandt has labeled the recent move as “corrective” rather than impulsive. Based on Elliott Wave theory, he believes Bitcoin could retest the $72,000–$74,000 range before any sustained rally occurs.

Brandt referred to this zone as the “maximum pain” area—a place where long-term holders often begin accumulating in anticipation of future price surges.

Whale Sell Orders Indicate Nearby Resistance

In the short term, Bitcoin may face resistance from large holders. According to Coinglass, there are major whale sell walls at $86,000, $88,000, and $91,000. These price levels could act as roadblocks for BTC’s upward momentum, especially as traders look to take profits after the recent rebound.

Even so, Bitcoin has continued climbing steadily, approaching the $85,000 mark at the time of writing. If the asset manages to clear these resistance levels, it could trigger a new wave of buying pressure.

RVT Ratio Approaches Bullish Breakout Level

One of the strongest signals currently drawing attention is the RVT (Realized Value to Transaction Volume) ratio. Unlike the more familiar NVT ratio, which uses market cap, RVT relies on realized cap—offering a more stable and long-term perspective.

Crypto analyst Axel Adler Jr. highlighted that the 30-day moving average of RVT is sitting around 20.5. Historically, when this number climbs above 22, it often signals the start of a long-term accumulation phase. In simple terms, this means large amounts of capital are moving into Bitcoin but are not being actively traded—an indicator that investors are holding rather than selling.

This accumulation trend has often preceded major price rallies, making the RVT an important metric for long-term BTC holders.

Realized Pricing Bands Suggest Room to Grow

Another bullish signal comes from Bitcoin’s realized pricing bands, which have provided reliable support levels in the past. The 1.7 Realized Price (RP) band—currently at $74,600—acted as a springboard for the recent price bounce. In previous cycles, when BTC rebounded from this band, it often surged past higher bands, such as the 2.4RP.

If that pattern holds, Bitcoin could be heading toward the $105,000 level in the coming months—assuming no major macroeconomic shocks interfere.

Final Thoughts

Bitcoin’s recent price performance is encouraging, but it’s the underlying metrics that are most intriguing. With the RVT ratio approaching a critical point, whale activity heating up, and realized pricing bands offering support, there’s growing evidence that Bitcoin may be entering a new accumulation phase.

For long-term investors, this could be the calm before the next major bull run. While short-term resistance remains, the fundamentals suggest the groundwork for a powerful move may already be forming.