Bitcoin Market Pulse
Our proprietary algorithm cuts through the noise, combining deep on-chain metrics to tell you exactly where we are in the Bitcoin cycle in plain English.
Current Market Verdict
The Market is in
hope
Whales are currently
accumulation
With Bitcoin currently trading at $66.26K+10.28% vs Whale Break-Even, our latest end-of-day on-chain indicators suggest larger entities are stacking supply. The overall sentiment score sits at 35/100.
The Data Behind the Verdict
Whale Dominance
Currently, 35.8% of all Bitcoin is held by massive "Whale" entities (wallets holding over 1k BTC). When this rises, big players are hoarding.
Retail Dominance
Everyday people control 7.1% of the supply. A sudden spike often signals a market peak when retail investors FOMO in.
Whale Break-Even
The average price whales paid is $60.08K. If the price falls below this, whales may step in to defend their bags.
Supply in Profit
Currently, 47.2% of the supply was bought lower than today's price. Nearing 95%+ suggests the market is overheated.
LTH/STH Ratio
The ratio of Long-Term to Short-Term holders is 5.00. A high number means "diamond hands" are in control, refusing to sell.
MVRV Ratio
Market Value to Realized Value. A ratio above 3.0 flags extreme euphoria, while below 1.0 flags deep value accumulation.
Understanding Bitcoin Market Phases: Accumulation vs. Distribution
When analyzing Bitcoin on-chain metrics, understanding the flow of supply between different market participants is crucial. Our proprietary Bitcoin Market Pulse tracks these movements by comparing the behavior of Long-Term Holders (LTH) to Short-Term Holders (STH).
What is Bitcoin Accumulation?
The Accumulation Phase triggers when Long-Term Holders own more than 3 times the supply of Short-Term Holders. During this period, "diamond-handed" investors are actively stacking sats and moving coins off exchanges into cold storage. When this coincides with a low MVRV ratio, we enter Deep Accumulation.
What is Bitcoin Distribution?
The Distribution Phase occurs when Long-Term Holder supply drops below 1.5 times the Short-Term Holder supply. This typically happens during bull market peaks when old, dormant coins are sold or "distributed" to new retail market entrants. If this coincides with an overheated MVRV ratio, it triggers a warning of Euphoric Distribution.
Disclaimer: On-chain analytics provide insights into historical market trends and entity behavior. They should be used for educational purposes and not as direct financial advice.
Last refreshed: Jun 28, 2026. Data provided exclusively by Citrusrate On-Chain Analytics.