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🔑 Key Price Levels for Bitcoin’s Resilience or Deeper Correction (Glassnode)
Glassnode, a leading on-chain data analysis platform, has highlighted critical price levels that could shape Bitcoin’s ($BTC ) price direction in the coming weeks. These levels, derived from the Cost Basis Distribution (CBD) metric, could either signal resilience or trigger a deeper correction in BTC's price trajectory.
Bitcoin’s Price Dynamics:
Dense Supply Cluster ($88,100 - $103,000):
A significant number of $BTC holders are positioned within this range, likely taking profits.
This range represents a key zone of resistance that could dictate BTC’s ability to push higher or face a downturn.
Air Gap Region ($70,000 - $88,100):
Below the dense cluster is a zone with much lower supply concentration.
This region could act as a bottom discovery zone if BTC faces a prolonged downturn, similar to previous price discovery phases.
Key Levels and Implications:
1. $88,100:
Represents the lower boundary of the dense cluster and a critical support level.
A break below this level could push BTC into the air-gapped region.
2. $70,000:
Acts as a potential bottom for BTC during severe market corrections.
A drop to this level could trigger massive accumulation as investors buy at a perceived discount.
3. $98,000:
A level where buyers have consistently shown resilience, indicating strong support and potential for upward movement.
Resilience or Correction?
Bitcoin’s recent price activity, with $BTC trading around $96,000, places it near the critical $88,100 level. If BTC maintains support here, it could pave the way for positive price action toward $100,000+.
Conversely, a sustained break below this zone increases the likelihood of BTC entering the air-gapped region, potentially testing the $70,000 level.
What This Means for Investors:
Resilience: BTC needs to sustain above $88,100 and show strength at $98,000 for a bullish continuation.
Correction: A break below $88,100 could lead to an extended consolidation or buying opportunities in the $70,000 range.
#Bitcoin #BTCAnalysis #CryptoInsights #Glassnode #BinanceAlphaAlert
Bitcoin’s Price Dynamics:
Dense Supply Cluster ($88,100 - $103,000):
A significant number of $BTC holders are positioned within this range, likely taking profits.
This range represents a key zone of resistance that could dictate BTC’s ability to push higher or face a downturn.
Air Gap Region ($70,000 - $88,100):
Below the dense cluster is a zone with much lower supply concentration.
This region could act as a bottom discovery zone if BTC faces a prolonged downturn, similar to previous price discovery phases.
Key Levels and Implications:
1. $88,100:
Represents the lower boundary of the dense cluster and a critical support level.
A break below this level could push BTC into the air-gapped region.
2. $70,000:
Acts as a potential bottom for BTC during severe market corrections.
A drop to this level could trigger massive accumulation as investors buy at a perceived discount.
3. $98,000:
A level where buyers have consistently shown resilience, indicating strong support and potential for upward movement.
Resilience or Correction?
Bitcoin’s recent price activity, with $BTC trading around $96,000, places it near the critical $88,100 level. If BTC maintains support here, it could pave the way for positive price action toward $100,000+.
Conversely, a sustained break below this zone increases the likelihood of BTC entering the air-gapped region, potentially testing the $70,000 level.
What This Means for Investors:
Resilience: BTC needs to sustain above $88,100 and show strength at $98,000 for a bullish continuation.
Correction: A break below $88,100 could lead to an extended consolidation or buying opportunities in the $70,000 range.
#Bitcoin #BTCAnalysis #CryptoInsights #Glassnode #BinanceAlphaAlert
Glassnode reports that Solana's momentum is waning relative to Bitcoin and Ethereum, despite sustaining positive net capital inflows since September 2023.
$BTC #Glassnode
$BTC #Glassnode
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Glassnode: Bitcoin market is in a speculative frenzy
#BTC <t-73/>#glassnode #new+ <t-76/>#ончейн The dynamics of capital flows, exchange activity, leverage in crypto derivatives and demand from institutions all indicate a jump in risk appetite among Bitcoin investors. Glassnode came to this conclusion.The risk appetite for#Bitcoininvestors is increasing, with growing signs of speculation appearing across capital flows, exchange activity, derivatives leverage, and even institutional demand.
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💸 According to #glassnode , more than 1 million #BTC were traded in a price range of around $42,500.
This price level could become a significant support level.
This price level could become a significant support level.
📊🤔 $BTC #Glassnode : The supply delta between LTHs and STHs is moving violently upwards. We aren't near previous cycle tops yet (2017/2021).
LTH supply peak to trough have distributed 813k BTC, and 250k BTC in the past 3 days. Compare this to the start of 2024 (1M BTC inc GBTC).
For every seller there's a buyer and demand is currently being met.
LTH supply peak to trough have distributed 813k BTC, and 250k BTC in the past 3 days. Compare this to the start of 2024 (1M BTC inc GBTC).
For every seller there's a buyer and demand is currently being met.
Based on Glassnode chart, long-term Bitcoin holder still in profit with $138M in profit per day.
#glassnode #bitcoin #diamondhand #profitday #Bitcoinchart
$BTC
#glassnode #bitcoin #diamondhand #profitday #Bitcoinchart
$BTC
📊 Report #glassnode :
▪️ The price dynamics of $BTC after the 2022 lows show striking similarities with previous cycles, although they recover somewhat more slowly, but more steadily.
▪️ Most long-term BTC investors are still unwilling to part with their coins at current prices.
▪️ Network activity remains low from an institutional perspective, but the volume of money transferred within the network and to exchanges in particular remains stable and reminiscent of previous bull market cycles.
▪️ The price dynamics of $BTC after the 2022 lows show striking similarities with previous cycles, although they recover somewhat more slowly, but more steadily.
▪️ Most long-term BTC investors are still unwilling to part with their coins at current prices.
▪️ Network activity remains low from an institutional perspective, but the volume of money transferred within the network and to exchanges in particular remains stable and reminiscent of previous bull market cycles.
STABLE BITCOIN ♻️
#Glassnode Report: The Least Volatile $BTC Cycle Ever 📉
Experts highlight that this #Bitcoin cycle is the least volatile on record. With each halving event, BTC’s price movements have become less explosive.
Key points:
1️⃣ Volatility is declining as institutional adoption increases.
2️⃣ Market maturity and broader acceptance are stabilizing price swings.
#Bitcoin is evolving into a more mature asset class—steady, reliable, and increasingly institutional. 🚀
#Glassnode Report: The Least Volatile $BTC Cycle Ever 📉
Experts highlight that this #Bitcoin cycle is the least volatile on record. With each halving event, BTC’s price movements have become less explosive.
Key points:
1️⃣ Volatility is declining as institutional adoption increases.
2️⃣ Market maturity and broader acceptance are stabilizing price swings.
#Bitcoin is evolving into a more mature asset class—steady, reliable, and increasingly institutional. 🚀
According to data from Glassnode, Bitcoin is experiencing its least volatile market cycle to date. This indicates that price fluctuations have been more stable compared to previous cycles, reflecting a maturing market and possibly increasing institutional participation or changing investor behavior.
$BTC #Glassnode
$BTC #Glassnode
💸 Glassnode: ETFs are key players in the market whose activities can overshadow the historical impact of the halving.
Compared to previous semesters, the dynamics of the $BTC market have significantly changed, potentially reducing the direct impact of the new BTC issuance on market prices.
#glassnode #ETFBitcoin #BTCmarket #HalvingBTC #cryptocurrency
P.S My opinion is that the correction was not complete, and we still have further downside.
Compared to previous semesters, the dynamics of the $BTC market have significantly changed, potentially reducing the direct impact of the new BTC issuance on market prices.
#glassnode #ETFBitcoin #BTCmarket #HalvingBTC #cryptocurrency
P.S My opinion is that the correction was not complete, and we still have further downside.
The proportion of #bitcoin☀️ wealth held within recently moved supply has started to increase meaningfully in recent months.
This occurs as coins held by Long-Term Holders are distributed to new investors, which in turn highlights a surge in new demand-side activity - #Glassnode
This occurs as coins held by Long-Term Holders are distributed to new investors, which in turn highlights a surge in new demand-side activity - #Glassnode
📊 Report #glassnode :
▪️ $BTC recorded its deepest drawdown of the current cycle, trading >26% below ATH. Despite this, the drawdown remains historically small compared to past cycles.
▪️ This price decline resulted in unrealized losses for a significant volume of short-term holders.
▪️ Despite increased financial pressure from short-term holders, the magnitude of recorded losses remains relatively low compared to the size of the market.
▪️ $BTC recorded its deepest drawdown of the current cycle, trading >26% below ATH. Despite this, the drawdown remains historically small compared to past cycles.
▪️ This price decline resulted in unrealized losses for a significant volume of short-term holders.
▪️ Despite increased financial pressure from short-term holders, the magnitude of recorded losses remains relatively low compared to the size of the market.
📊👀 $BTC #Glassnode : While Bitcoin consolidates with temporary dips towards the lower end of the $90k range, SOPR Momentum - a key indicator of how the market is reacting to earnings pressure - continues to accelerate, indicating positive sentiment.
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The coin that could make 1,000% in a few months. ✅️✅️✅️✅️✅️✅️✅️✅️✅️✅️✅️
🚨 Solana continues to attract attention with its fast and efficient blockchain platform. Known for its scalability without sharding, Solana supports a wide range of decentralized applications, making it an ideal investment for those seeking access to a vibrant ecosystem.
-✅️Ecosystem power: SOL facilitates transactions, runs programs, and rewards network participants, making it a key component of the Solana network.
-✅️Growth potential: Solana’s ability to support a variety of applications suggests substantial growth, making SOL a solid choice for experienced investors.
#Solana #Binance #Glassnode #CoinMarketCap $SOL
🚨 Solana continues to attract attention with its fast and efficient blockchain platform. Known for its scalability without sharding, Solana supports a wide range of decentralized applications, making it an ideal investment for those seeking access to a vibrant ecosystem.
-✅️Ecosystem power: SOL facilitates transactions, runs programs, and rewards network participants, making it a key component of the Solana network.
-✅️Growth potential: Solana’s ability to support a variety of applications suggests substantial growth, making SOL a solid choice for experienced investors.
#Solana #Binance #Glassnode #CoinMarketCap $SOL