Bitcoin markets have shown strong spot demand with noticeable sideways accumulation phases before significant moves higher.
The Cost Basis Distribution heatmap reveals accumulation regimes forming ahead of each leg up, indicating a buildup of demand and strong buying pressure.
A key accumulation zone between $93k and $95k has emerged over the last 30 days, serving as critical support levels and reinforcing bullish momentum.
This information underscores the confidence and buying interest in the market, with potential areas of support identified for investors.