Bitcoin rises 11% as accumulation enters day 11, signaling a potential bullish phase

Bitcoin has rebounded to around $72,000 despite months of negative sentiment across the market, with indicators pointing to a growing chance of a recovery. The latest move is being linked to sustained accumulation behavior and key market thresholds that appear to be shifting.

Bitcoin posts sustained accumulation streak

The rally coincides with an extended accumulation phase. Data from the Accumulation/Distribution (A/D) indicator suggests that roughly 3 million in Bitcoin volume was accumulated over a period that began on March 30. Over the same stretch, Bitcoin rose by 11.16%.

At the time of writing, Bitcoin is trading in a bearish valuation zone based on supply in profit metrics. Only 59% of the total Bitcoin supply remains in profit.

Historically, this type of range has been associated with elevated selling pressure, with stronger rallies typically starting only after at least 75% of supply returns to profit. Current behavior, however, suggests investors may be positioning for a potential bottom rather than treating recent prices as an exit opportunity.

Long-term conviction strengthens

On-chain data also shows increased exchange withdrawals 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, which often reflects reduced sell-side intent and a stronger long-term holding bias.

Between April 5 and April 9, 8,371 Bitcoin addresses withdrew their holdings from exchanges. The movement indicates growing conviction among investors preparing for longer-term upside.

Spot market shows short-term profit-taking

While accumulation signals have strengthened, the spot market has shown resistance in the short term, with selling activity increasing as some participants lock in gains from the rally. Over the past week, approximately $342 million worth of Bitcoin was sold, representing the highest weekly net outflow since the week beginning November 24, 2025.

Even so, the scale and structure of these outflows point to a temporary profit-taking phase rather than a broader shift toward bearish positioning.

Recovery setup takes shape

Broader market structure continues to suggest a potential recovery phase. An AMBCrypto report says the probability of a rebound remains elevated under current conditions, noting that nearly 80% of realized capital that was previously in profit has moved into loss as Bitcoin declined toward the $65,000 area.

Historically, similar conditions have preceded major upward moves, though recoveries do not usually occur immediately. Across the last three comparable cycles, this level of market stress has been followed by significant upside expansion. The pattern also aligns with the March 30 decline, when Bitcoin fell to a low of $65,800 before accumulation accelerated.

Final summary

• Bitcoin has recorded 11 consecutive days of accumulation while trading in a discount zone.
• More than 8,300 investors have moved holdings into private wallets, signaling a longer-term outlook.