Bitcoin enthusiasts are buzzing as several indicators suggest the cryptocurrency may be gearing up for a new peak at $140,000. Despite a slight dip recently, strong exchange-traded fund (ETF) inflows, active network participation, and significant whale accumulation hint at a bullish future for the digital asset.
ETF Inflows and Risk-On Sentiment
The cryptocurrency market is currently witnessing a robust influx into spot Bitcoin ETFs, amassing a staggering $2.9 billion in net inflows over the past two weeks alone. This mirrors previous periods of Bitcoin rallies, such as last year’s remarkable surge from $67,000 to $108,000, which was similarly fueled by ETF interest. If this ETF momentum persists, Bitcoin seems poised to chase new all-time highs. This follows a pattern of institutional adoption, which we detailed in Bitcoin Surges Past $94,000 as Institutional Interest and Market Optimism Grow.
The risk-on sentiment is further highlighted by the decline in the CBOE Volatility Index (VIX), which has dropped to 18 from 55 in just 25 trading days. Bitcoin network economist Timothy Peterson suggests that this low VIX score indicates a favorable environment for riskier assets like Bitcoin. Peterson’s model, known for its high accuracy, forecasts Bitcoin reaching $135,000 within the next 100 days, provided this low volatility environment continues.
Whale Accumulation and Shrinking Exchange Balances
Adding to the optimism, Bitcoin whales—those holding substantial amounts of the cryptocurrency—have been on an accumulation spree. Glassnode’s Accumulation Trend Score (ATS) currently stands at 1, highlighting intense buying activity from these large investors. This pattern is reminiscent of October 2024 when a similar accumulation phase preluded Bitcoin’s sharp ascent following Donald Trump’s election victory.
Supporting this trend, Santiment data reveals that wallets holding between 10 and 10,000 BTC have bolstered their holdings by 83,105 BTC in the past month. This aggressive accumulation, combined with decreasing Bitcoin balances on exchanges (now at a six-year low of 2.44 million BTC), suggests investors are moving their assets off exchanges into self-custody, anticipating further price appreciation.
Network Activity and Technical Signals
Bitcoin’s network activity is also on the rise, with the transaction volume Z-score climbing from the negative zone towards 1. Crypto investor Ted Boydston notes that such a rise often precedes Bitcoin price rallies, asserting that the cryptocurrency “should be full bull once the Z-score breaches 1.”
From a technical standpoint, Bitcoin has formed a rounded bottom chart pattern. A daily candlestick close above the neckline at $106,660 could confirm a bullish breakout, setting the stage for Bitcoin to enter price discovery mode with a target of $140,000—a 37% increase from current levels. The relative strength index (RSI) at 70 and bullish cross from simple moving averages (SMAs) further endorse the potential for an upward trajectory. For a broader perspective on future price targets, see Bitcoin ETFs, gov’t adoption to drive BTC to $1M by 2029: Finance Redefined.
Looking Forward
While these indicators paint a promising picture, uncertainty always looms in the volatile world of cryptocurrencies. The market is watching closely to see if the current trends can sustain momentum or if unforeseen factors might disrupt the bullish narrative.
Bitcoin’s journey to $140,000 is laden with possibilities, yet it’s crucial for investors to approach with caution. As always in the crypto realm, the path forward is as thrilling as it is unpredictable.
Source
This article is based on: 6 signs predicting $140K as Bitcoin's next price top
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
