A recent tweet from GlassNode reveals that key Bitcoin metrics have demonstrated a significant surge, which has historically bullish meaning. This metric has only skyrocketed a few times this year.
Bitcoin shows high investor demand
This comes after Bitcoin surged beyond the $100,000 level for the first time since January, surpassing the $105,000 level.
The tweet includes a chart, with Bitcoin spot volume deltametric 7D SMA coming in positive on Tuesday, bringing a local high. This index measures net purchase pressure as it subtracts the selling volume from the buy volume across major cryptocurrency exchanges.
$BTC Spot Volume Delta’s 7D SMA flipped over the amount that hit a local high of nearly $5 billion yesterday. The demand for this aggressive net taker has only appeared a few times this year – it has confirmed that over $10,000 moves are supported by Real Spot Market’s conviction. pic.twitter.com/4qtfper7n8
– GlassNode (@GlassNode) May 14, 2025
On this chart, it reached its $5 billion peak on May 13th. This means there is a strong demand for Bitcoin, according to GlassNode. According to this data, strong purchasing pressures currently dominate the market. Historically, however, such FOMO-driven flips could precede massive price corrections.
Bitcoin jellyfish continue to accumulate
Earlier this week, another popular on-chain data tracker, Santiment, published a post on the X app, revealing that the large Bitcoin Zilla, which holds 10-10,000 BTC, has scooped up 83,105 Bitcoins in the last 30 days. This amounts to $8,653,856,618. For small wallets under 0.1 BTC, these holders sell 387 bitcoins over the same period.
The main whale and shark layer of Bitcoin (holds 10-10K BTC) has accumulated 83,105 BTC in the past 30 days. Meanwhile, the smallest retail owner (holding <0.1 BTC) dumped 387 BTC over the same period.
For both layers, these are important moves related to…pic.twitter.com/xg5fmf57gq
– santiment (@santimentfeed) May 13, 2025
Santimento believes smaller wallets are showing clear signs of profitability as they believe the world’s biggest cryptocurrency will soon reach the top and then likely to go the other way around. Still, according to Santimento, BTC could soon reach $110,000 as large whales continue to accumulate bitcoin aggressively. This scenario in particular appears to have been after tariff suspensions between the US and China, which was established over the weekend.
During pressing, Bitcoin is changing its hands at $103,990 per coin.
