Bitcoin accumulation by long-term holders is signaling a market transition, with Binance data pointing to tightening supply conditions that could support the early stages of a new bull cycle. Key Takeaways: Binance shows BTC accumulation since Feb. 2026 as long-term holders steadily stack positions.
Bitcoin (BTC) surged Tuesday evening after President Donald Trump announced a temporary ceasefire with Iran, a move that sent the largest cryptocurrency higher and sparked a broader market repricing. Following Trump's announcement, Bitcoin jumped nearly 5% and traded around $72,174 at the time of writing.
Iran's Supreme National Security Council on Wednesday accepted a two-week ceasefire in its war against the US, but emphasized this did not mean an end to the war.
Bitcoin price briefly touched $70,000 on April 7 within a well-formed ascending channel on the 4H chart, as spot ETF inflows logged $471 million on April 6, the strongest single-day institutional demand figure since late February.
Bitcoin jumped above $72,000 after trading near $69,000 about an hour earlier as risk appetite came back fast. US stock futures ripped higher after Trump said he would pause Iran attacks for two weeks, easing fears around the five-week conflict.
The 30-day simple moving average of the global network hashrate has also declined, though an analyst says the slump is due to Bitcoin prices hurting mining profitability rather than conflict.
Bitcoin jumped past $71K late Monday after Trump signaled a two-week pause in Iran strikes, easing geopolitical fears and reviving risk appetite.
Bitcoin is struggling to reclaim $70,000. The price chart is uninspiring.
Price action and geopolitical tensions are pushing Bitcoin's global hashrate down the drain.
Risk assets rose late Tuesday as oil collapsed after Trump and Iran confirmed the two-week ceasefire.
Bitcoin rose above $72K as Trump proposed an Iran ceasefire, lifting crypto and stock futures while oil prices tumbled. Bitcoin jumps above $72K after Trump signals pause on Iran strikes.
Bitcoin climbed back near $70K Tuesday as hopes for a US-Iran deal sent oil lower and lifted risk assets, shifting focus to whether BTC can hold gains.