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$BTC Bitcoin Powers to $112K, But On-Chain Metrics Warn of Potential Pause: CryptoQuant

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Bitcoin Powers to $112K, But On-Chain Metrics Warn of Potential Pause: CryptoQuant

2025-05-30 10:43:32

Bitcoin continues to dominate headlines after smashing through a new all-time high of $112,000 last week, reinforcing bullish sentiment across the crypto markets.$BTC

Yet, despite the hype, on-chain data from CryptoQuant suggests traders should tread with caution—a cooling period may be on the horizon.$BTC



Bull Score Index Points to Bull Market Continuation

According to CryptoQuant, Bitcoin remains solidly in bull market territory. The Bull Score Index—a key measure of on-chain activity—currently stands at 80.

Historically, this index has reliably indicated that Bitcoin continues to trend upwards as long as it remains above 50. This strong score reflects robust participation from retail and institutional investors, further fueled by macro tailwinds and increasing global adoption.#Bitcoin2025

The market’s optimism is backed by substantial demand: in the past 30 days alone, Bitcoin demand grew by an estimated 229,000 BTC. While this is still under the 279,000 BTC peak seen in December 2024, it’s getting close—a potential indicator that the current buying frenzy might be losing steam.#TrumpTariffs

Whale Accumulation Slows, Demand Nears Historical Top

Though investor enthusiasm is still evident, there are early signs that the rally could be approaching a plateau. Whale-held Bitcoin balances have climbed 2.8% in the last month—a pace that has historically preceded a slowdown in large-scale accumulation.#TradingTypes101