Bitcoin Shatters Accumulation Silence: Is This BTC’s Stealthiest Bull Run in History?

After months of sideways action, Bitcoin just pulled off its most ninja-like breakout—no fireworks, no hype, just relentless upward pressure. Here's why this under-the-radar move might be the most bullish signal yet.

The quiet before the storm

While Wall Street was busy overengineering another leveraged ETF, BTC slipped past key resistance levels like a shadow. No CNBC alerts. No Elon tweets. Just pure, unfiltered price discovery.

Liquidity vacuum incoming

Traders clinging to short positions just got steamrolled by the market's silent majority—hodlers who've been stacking sats while institutions debated 'appropriate allocation percentages.' Spoiler: 5% was never enough.

The cynical take

Meanwhile, your neighborhood financial advisor still thinks Bitcoin 'lacks intrinsic value'—right before recommending a REIT with 8% management fees. Priorities.

This isn't just another breakout. It's the market voting with its wallet—and the establishment isn't even on the ballot.

Accumulation returns after hiatus

After a prolonged period of distribution, the BTC accumulation landscape has shifted.

New data revealed that wallets holding 10K to 100K BTC have resumed accumulation for the first time since March 2025 and July 2024, breaking a nearly year-long trend of sell-side pressure.

Source: Alphractal

Interestingly, this uptick didn’t emerge in isolation.

Dolphin wallets (100–1K BTC) have been stacking for weeks, with heatmaps showing consistent blue patches—classic signs of aggressive buying.

Source: Alphractal

In contrast, retail-sized addresses (100K BTC) continue to distribute.

Source: Alphractal

Interestingly, the 10-100 BTC bracket — previously net distributors — have shifted into mild accumulation territory, a positive signal showing improving sentiment even among mid-sized holders.

Profitability climbs, but no sign of crowd euphoria

Source: Alphractal

The SOPR is once again on the rise, an unprecedented third surge within the same bull cycle.

Historically, a sustained SOPR uptrend has shown confidence and a healthy distribution phase as LTHs take profits. This third leg up, still unbroken by a bearish crossover (blue below orange), reflects persistent profitability among Bitcoin holders.

Interestingly, this signal has not yet been met with great sentiment.

Source: Santiment

Despite SOPR flashing green, Santiment data revealed a sharp dip in Social Volume at press time. In other words, holders are profitable, but the crowd doesn’t seem to care (yet).

Could this be the market’s stealth phase? As long as SOPR holds and euphoria stays muted, there’s still room for a surprise MOVE to the upside.

Momentum pauses but no breakdown yet

BTC consolidated NEAR the $108K level with low volatility at press time.

The RSI rested around 54.9, reflecting neutral momentum — neither overbought nor oversold — while the MACD showed a weak but ongoing bullish crossover.

Despite prior gains, the histogram is flattening, suggesting waning buying pressure.

Source: TradingView

Even so, no bearish divergence has surfaced yet. With SOPR trending up and crowd excitement still subdued, this cooling phase may simply be the calm before the next move.