{"content":"📊 On-Chain Signals Flash Green: Is $120K Bitcoin’s Final Destination? Bitcoin prices have risen significantly in recent weeks amid a price bounce. Since falling below $75,000 in mid-April, the asset has risen 37.5% to $105,490. Despite the BTC market cooling down, famous crypto researcher Ali Martinez expects it could reach $120,000 before the bull cycle ends. CVDD Metrics Suggest $120k Peak If $90k Support Holds The on-chain Cumulative Value Days lost (CVDD) indicator tracks long-term holders' spending by measuring the total coin-days lost when dormant BTC transfers. A rise in CVDD suggests huge profit-taking by long-term investors, which frequently signals overheated markets. Meanwhile, CVDD action decreases with accumulation. The Accessing peaks, the black line, extrapolates the CVDD into an upper band that the price reached at key peaks like $20,000 in 2017 and $69,000 in 2021. Current Accessing Tops is $120,000, indicating this bull run may top next. Accumulating Phase 2, the second-tier support band that has supported pricing till 2025, is another significant layer in CryptoQuant's CVDD extrapolation. At $90,000, bulls have their first big support line. With Bitcoin reaching $103,242, Ali Martinez cautions that sustaining price support around $90,000 is crucial to maintaining its bull structure and allowing a climb above $120,000. Bitcoin is now worth $103,573, up 0.09% from yesterday. The asset's daily trading volume is down 17.92%, showing decrease market involvement. The next barrier level is $105,000. Martinez believes big positive developments will only occur when the stock closes over $107,000. As seen by the Bitcoin Spot ETFs' $1.81 billion net inflow last week, positive feelings persist. Bitcoin is the most valuable digital asset, controlling 62.8% of the crypto market with a $2.04 trillion market valuation. #SaylorBTCPurchase #BTC #BinanceAlpha$1.7MReward #MastercardStablecoinCards #EthereumSecurityInitiative $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/18/1227c3b86f4a4c33971a3fe00a578b6e.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}