Bitcoin Enters “Value Accumulation Zone” as Selling Pressure Cools

Highlights:

• Bitcoin’s BCMI has entered a historic undervaluation zone tied to strong long-term entry periods.
• Bitcoin supply keeps tightening as accumulation wallets absorb coins and reduce sell-side pressure.
• Analyst sees Bitcoin reclaiming $76,000 as the trigger zone for a possible move toward $78,000 to $80,000.

Bitcoin is moving closer to a historic undervaluation zone as the Bitcoin Combined Market Index (BCMI) fell into the 0.2 to 0.3 range. This band has often marked strong long-term entry periods for investors, according to market analyst Woominkyu, citing CryptoQuant data. Meanwhile, this latest slide followed a broad correction that reset both sentiment and valuation.

A Reset in Sentiment Meets a Stronger Value Case

The composite index blends MVRV, NUPL, SOPR, and Fear & Greed into one market reading. Moreover, its latest drop shows that realized value and investor mood have both cooled sharply. The reset brings conditions back to levels last seen three years ago. This shift, therefore, strengthens the case for a developing value-accumulation phase.

Meanwhile, the 90-day moving average continues to point lower, which shows that selling pressure has not fully cleared. The decline in the index is narrowing the downside outlook when compared with the longer-term upside potential. Therefore, Woominkyu focuses on stabilization signs rather than quick rebound calls. 

BCMI Index Approaches High-Conviction Support

“We are entering a "Value-Accumulation Zone." The data suggests the downside is becoming limited compared to the long-term upside. However, wait for price stabilisation to confirm the index's bottom signal.” – By @Woo_Minkyu pic.twitter.com/smrhRJ5EFJ

— CryptoQuant.com (@cryptoquant_com) April 17, 2026

Moreover, the latest data shows risk has eased since the sharp correction. Investors now track momentum, valuation, and sentiment together, while the market searches for steadier price action before a turn. If the average flattens and price steadies, the signal could strengthen further.

Bitcoin Supply Tightens as Sell-Side Liquidity Falls

Bitcoin’s market structure points to tighter supply as long-term demand keeps building. Recent liquidity data from CryptoQuant shows fewer coins available for sale across the market. Moreover, accumulation addresses added about 275,000 BTC over the past 30 days. This buying pace shows firm conviction as larger holders continue to absorb available supply.

Total sell-side liquidity now stands near 8.53 million BTC, which marks a relatively low level against earlier periods. At the same time, Bitcoin has held close to $74,000 without notable selling pressure. As a result, the market shows a gap between stable price action and shrinking available supply. The supply keeps drying up even as the price holds a narrow range for Bitcoin across recent sessions.

This split usually appears when long-term holders take in coins that short-term sellers release. The Liquidity Inventory Ratio has also dropped to nearly 30 months, adding another sign of tightening conditions. Historically, lower readings have tracked periods when market supply thinned out. Reduced sell-side liquidity can intensify upward moves once fresh demand enters.

Bitcoin Eyes $80K After Reclaiming $75K

Bitcoin has climbed back above $75,000 after rebounding from lower support. According to market analyst Ted, the setup now centers on the $76,000 area, where price is testing a key resistance band after a steady recovery. A firm move above that level could open room toward $78,000 and then the $80,000 region. Should Bitcoin lose momentum, support levels lie around $70,625 and $65,816. 

$BTC is back above the $75,000 level.

The key zone for Bitcoin here is $76,000 and a reclaim could push BTC towards the $78,000-$80,000 zone.

This is where I'll go short on Bitcoin. pic.twitter.com/alakTzi1IQ

— Ted (@TedPillows) April 17, 2026

At the time of this writing, BTC is trading around $76,260, up by 2% over the last 24 hours. Bitcoin has surged by almost 5% on the weekly chart as bullish momentum builds in the market. Moreover, its market cap and trading volume have surged to $1.50 trillion and $43 billion, respectively.