Bitcoin just hit a double-trigger setup that has not appeared in over a year — Capriole’s institutional accumulation signal is flashing green, and Bitcoin treasury companies have flipped back to net buyers. The last five times this setup appeared, Bitcoin’s average gain hit over 109%.
Right now? It is only 5% plus.
The main signal is “Net Institutional Buying,” which is a tracker for inflows from big-time allocators. The chart just printed its sixth green phase since 2020, with four of the previous five producing major rallies: +390%, +68%, +61% and +41%, respectively. Only one did not, with a -13% move.
Source: Capriole’s Charles EdwardsSo, if the average plays out again, Bitcoin would go from $89,000 to around $186,000-$196,000, which would put it close to the much-anticipated $200,000 mark.
Not only Bitcoin, but Ethereum too
The secondary confirmation came in without much fanfare. Capriole’s Buy-Sell Ratio ROC for Bitcoin treasuries just turned positive, showing that treasury-held entities — like Strategy, American Bitcoin and other large corporate wallets — are back on the buy side.
These are usually slower and less risky moves, and when they bounce back in, it usually shows that the trend is still strong. The last green phase here was right before a vertical run back in August.
Charles Edwards, who handles the signals, also described the ETH treasury trend as “strongly positive,” which means that it is not only Bitcoin that enjoys an institutional tailwind, but Ethereum too.
When these two metrics line up — net institutional inflows and treasury buy-backs — it usually means that something aggressive is going on behind the biggest scene. On top of that, the ETF flow structure is going to make it even more intense.
Thus, it looks like the ignition might have just begun.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Matrixport: Low retail participation, lack of new narratives, and token unlock sell-offs putting pressure on altcoins
Matrixport report indicates that meme coins underperformed expectations over the past year, mainly due to low retail participation, lack of new narratives and real-world application projects, as well as ongoing token unlock pressures, which hindered market rebounds. Despite overall pressure, some localized opportunities can still be identified.
GateNews42m ago
In the past 24 hours, the total liquidation amount across the entire network was $231 million, with 72% of the liquidations being long positions.
Gate News Report, March 6th: In the past 24 hours, the entire network experienced liquidations totaling $231 million, including $166 million from long positions and $65.71 million from short positions. By cryptocurrency, Bitcoin liquidations amounted to approximately $105 million, and Ethereum liquidations were about $40.64 million.
GateNews46m ago
10x Research: Institutional Capital Reshapes the Crypto Stock Market, Structural Changes in the Mining Company Sector
10x Research reports that institutional capital flows and corporate asset adjustments are reshaping the crypto stock market landscape, with some crypto stocks rising and others being marginalized. Bitdeer Technologies' stock price has recently fluctuated due to capital structure adjustments and the clearing of Bitcoin reserves, driving a transition toward high-performance computing and AI infrastructure. Overall, the market sees significant rebounds in the stock prices of Circle and a certain CEX.
GateNews47m ago
Jane Street associated address deposited 270 BTC into the exchange in the past 2 hours, worth approximately $19 million.
Foresight News reports that, according to Onchain Lens monitoring, Jane Street-related addresses have deposited 270 BTC into Bullish.com and LMAX Digital within the past 2 hours, worth approximately $19 million.
Previously, Jane Street was accused of
GateNews49m ago
Paraguay to Leverage Seized ASICs to Mine Bitcoin
ANDE, the state power company, has partnered with Morphware, an artificial intelligence (AI) and mining tech company, to start a pilot program and use part of its seized miners to produce bitcoin. ANDE’s President, Felix Sosa, stated that the bitcoin mined will be sold as a hedge for futures
Coinpedia53m ago
Winklevoss brothers transferred 1,750 BTC to a certain CEX hot wallet yesterday.
Gate News reports that on March 6, according to monitoring by Emmett Gallic, the Winklevoss brothers transferred 1,750 BTC (worth $128 million) to a certain CEX hot wallet yesterday (March 5). It is reported that the Winklevoss brothers held 108,000 BTC in 2014, accounting for nearly 1% of the total Bitcoin supply at that time. They currently hold 8,757 BTC.
GateNews58m ago
