The post Bitcoin climbs 11% as accumulation enters day 11 – Is BTC’s bull run coming? appeared on BitcoinEthereumNews.com.

Bitcoin has mounted a notable recovery, climbing to $72,000 despite months of persistent negative sentiment across the market. Current positioning points to a growing likelihood of a rebound, supported by evolving investor behavior and key market thresholds now in play. Bitcoin posts sustained accumulation streak The recent rally aligns closely with an extended phase of accumulation, reinforcing the strength behind the price move. Data from the Accumulation/Distribution (A/D) indicator shows that approximately 3 million in Bitcoin [BTC] volume was accumulated over this period, which began on March 30. During this stretch, Bitcoin advanced by 11.16%. This accumulation phase has emerged as Bitcoin trades within a bearish valuation zone, based on supply in profit metrics. At the time of writing, only 59% of the total Bitcoin supply remains in profit. Source: TradingView Historically, this range tends to coincide with elevated selling pressure, as stronger rallies usually begin when at least 75% of supply returns to profit. However, the current trend suggests a shift in market positioning. Investors appear to be front-running a potential bottom, treating recent price levels as discounted entry points rather than exit opportunities. Long-term conviction strengthens On-chain data shows a sharp increase in exchange-withdrawing addresses over the past four days, reinforcing the accumulation narrative. This metric tracks the number of wallets moving Bitcoin out of centralized exchanges into private storage. A sustained rise typically reflects reduced sell-side intent and a stronger long-term holding bias. Between the 5th and the 9th of April, a total of 8,371 Bitcoin addresses withdrew their holdings from exchanges. This movement underscores growing conviction among investors positioning for longer-term upside. Source: CryptoQuant In contrast, the spot market has shown short-term resistance, with selling activity picking up as some participants lock in profits from the recent rally. Over the past week, approximately $342 million worth…

---

Filed under: News - @ April 10, 2026 6:30 pm