Bitcoin surged to a new all-time high above $123,000 earlier today after crossing the $120,000 threshold late Sunday night. The move has added more than 10% to its value over the past week, pushing the global cryptocurrency market valuation above $3.87 trillion, inching toward the $4 trillion mark.
The current rally has reignited discussions around volume dynamics and accumulation patterns, as analysts monitor potential early signals that may influence near-term market behavior.
Two contributors to CryptoQuant’s QuickTake platform, BorisVest and Darkfost, have highlighted technical patterns that emerged before and during Bitcoin’s latest breakout. Their analyses suggest a combination of shrinking spot volume and surging accumulation activity may have played a role in driving prices higher.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!