Bitcoin: Can $7.2B in fresh demand fuel BTC’s next breakout?

Bitcoin [BTC] has spent most of December consolidating. After the daily close at $91,277 on the 2nd of December, the asset has continued to trade within that range.

This performance reflects a clear rise in accumulation, and this time, Bitcoin could push back into the $100,000 zone if buying pressure holds.

Bitcoin accumulators return

BTC accumulators have re-entered the market since early December. CryptoQuant’s analysis shows that this group of investors scooped 78,000 BTC between the 1st and the 10th of December.

The indicator used, Demand from Accumulator Addresses, shows their balances grew from 237,000 BTC to 315,000 BTC within this period. In dollar terms, that’s $7.2 billion spent in less than two weeks.

Accumulator addresses are defined using several criteria: no outflows, a minimal amount of BTC purchased per transaction, at least two purchasing events, and activity at least once in the last seven years, among others.

Typically, accumulation at this scale signals a broader sense of calm in the market and growing investor confidence in a rebound.

This improved sentiment follows Fed Chair Jerome Powell’s announcement of a rate cut, a dovish stance that is bullish for Bitcoin and other risk assets, during the latest FOMC briefing.

Taker buyers step in

A similar bullish trend is emerging in the derivatives market as Bitcoin perpetual investors step back in.

Bitcoin’s Spot Taker Cumulative Volume Delta (90-day timeframe) shows taker buyers have returned since September.

Taker-buy dominance implies stronger buy-side volume in the market.

This matters because the CVD data shows sellers dominated the market between September and now, with only brief periods of balance.

The bullish setup in derivatives is becoming more visible as the Funding Rate, which tracks whether investors lean bullish or bearish, signals a similar shift.

At press time, Funding Rate data from CoinGlass showed a reading of 0.0067% in positive territory, confirming that buyers have dominated over the past day, although modestly.

What’s next for Bitcoin

AMBCrypto reviewed Bitcoin’s daily liquidation heatmap to assess the current bullish or bearish risk.

The heatmap shows minimal upside risk compared to the downside, based on the positioning of liquidity clusters, areas shaded between green and yellow that reflect unfilled orders.

There are fewer liquidity pockets above the current price than below it.

Practically, this means Bitcoin faces fewer obstacles if bullish momentum continues, compared to the resistance it may face if the price moves downward.

Given current sentiment, accumulators and buyers are likely to encounter less resistance from the press-time price of $92,464 up to $97,089 on the chart.

However, declines toward $89,000 and $88,000 would face stronger liquidity clusters, which could act as demand zones pushing the price upward if sentiment turns bullish.

For now, the confluence of returning accumulators, renewed derivatives-market buying pressure, and the bullish FOMC outlook signals strengthening momentum for Bitcoin.

Final Thoughts

• Bitcoin investors accumulated 78,000 BTC worth $7.2 billion in December alone as momentum returns.
• Derivatives market data shows bulls are re-entering after a month-long sell-off that began in September.