Bitcoin Spot Volume Delta Metric Has Demonstrated a Significant Surge, Which Historically Has Bullish Implications

According to a tweet recently published by Glassnode, an important Bitcoin metric has demonstrated a significant surge, which historically has bullish implications. This metric has surged

A recent tweet by Glassnode points out a remarkable surge in a crucial Bitcoin metric, which has interesting bullish implications.

This happened as Bitcoin climbed above the $100,000 level for the first time since January and went on to hit the $105,000.

The tweet highlights a chart showcasing the 7D SMA of the Bitcoin Spot Volume Delta metric, becoming positive and reaching a local high on Tuesday. This index measures net buying pressure by subtracting sell volume from buy volume across major cryptocurrency exchanges.

According to the chart, it peaked at $5 billion.

This showcases the presence of strong demand for Bitcoin, according to Glassnode: "The move above $100K is backed by real spot market conviction."

However, historically, such FOMO-driven flips can massively precede price corrections.

Earlier this week, another popular on-chain data tracker, Santiment, posted about how large Bitcoin whales, which hold between 10 and 10,000 BTC, have scooped up 83,105 Bitcoins over the past 30 days.

This is the equivalent of $8,653,856,618.

As for small wallets, which hold less than 0.1 BTC, these holders have sold 387 Bitcoins over the same period.

Smaller wallets, Santiment believes, are displaying clear signs of profit-taking. They believe that the world’s largest cryptocurrency is likely to reach a top soon and then reverse.

Still, according to Santiment, since large whales are continuing to accumulate Bitcoin aggressively, BTC may soon reach $110,000. Especially, this scenario seems likely after the tariff pause between the U.S. and China that was established over the weekend.