According to a tweet recently published by Glassnode, an important Bitcoin metric has demonstrated a significant surge, which historically has bullish implications. This metric has surged just a few times this year. Bitcoin demonstrates high investor demand This happened after Bitcoin surged above the $100,000 level for the first time since January and topped the $105,000 level. The tweet contains a chart, according to which the 7D SMA, the Bitcoin Spot Volume Delta metric, has turned positive and hit a local high on Tuesday. This index measures net buying pressure as it subtracts sell volume from buy volume across major cryptocurrency exchanges. The 7D SMA of $BTC Spot Volume Delta has flipped positive, hitting a local high yesterday near $5B. This aggressive net taker demand has only appeared a few times this year - confirming that the move above $100K is backed by real spot market conviction. pic.twitter.com/4QtFpER7N8 — glassnode (@glassnode) May 14, 2025 On this chart, it reached a peak of $5 billion on May 13. This means the presence of strong demand for Bitcoin, according to Glassnode: “The move above $100K is backed by real spot market conviction.” Strong buying pressure is currently dominating the market, according to this data. However, historically, such FOMO-driven flips can precede massive price corrections. Bitcoin whales keep accumulating Earlier this week, another popular on-chain data tracker, Santiment, published a post on the X app, revealing that large Bitcoin whales, which hold between 10 and 10,000 BTC, have scooped up 83,105 Bitcoins over the past 30 days. This is the equivalent of $8,653,856,618. As for small wallets, which hold less than 0.1 BTC, these holders have sold 387 Bitcoins over the same period. 🐳🦈 Bitcoin's key whale & shark tier (holding 10-10K BTC) have now accumulated 83,105 more BTC in the past 30 days. Meanwhile, the smallest retail holders (holding <0.1 BTC) have dumped 387 BTC in the same time period.For both tiers, these are significant movements relative to… pic.twitter.com/Xg5FmF57GQ — Santiment (@santimentfeed) May 13, 2025 Smaller wallets, Santiment believes, are demonstrating clear signs of profit-taking since they believe that the world’s largest cryptocurrency is likely to reach a top soon and then reverse. Still, according to Santiment, since large whales continue to accumulate Bitcoin aggressively, BTC may soon reach $110,000. Especially, this scenario seems likely after the tariff pause between the U.S. and China that was established over the weekend. At press time, Bitcoin is changing hands at $103,990 per coin.