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💥 10.83 million BTC losses hit a record! Are long-term holders still quietly buying?
Bitcoin has fallen to around $59K, and Glassnode data shows the loss supply has surged to 10.83 million BTC—an all-time high📈
But don’t panic👀 Long-term holders (seasoned veterans holding BTC for more than 155 days) currently control 14.8 million BTC, at a record level! Although 5.58 million of that amount is also underwater, they haven’t sold—this is often one of the bottoming signals in history🧱
RSI is 42, the funding rate is neutral—no signs yet of extreme leverage liquidation⚖️
The key is whether $60K can be held. Traders are panicking in the short term, but long-term players are accumulating🤔 Which camp are you in?
$BTC #比特幣 #鏈上數據 #Glassnode
$BTC
Bitcoin has fallen to around $59K, and Glassnode data shows the loss supply has surged to 10.83 million BTC—an all-time high📈
But don’t panic👀 Long-term holders (seasoned veterans holding BTC for more than 155 days) currently control 14.8 million BTC, at a record level! Although 5.58 million of that amount is also underwater, they haven’t sold—this is often one of the bottoming signals in history🧱
RSI is 42, the funding rate is neutral—no signs yet of extreme leverage liquidation⚖️
The key is whether $60K can be held. Traders are panicking in the short term, but long-term players are accumulating🤔 Which camp are you in?
$BTC #比特幣 #鏈上數據 #Glassnode
$BTC
Altseason Signal is Flashing—But with a Twist! 👇
The Glassnode Altcoin Cycle Signal has hit 86, officially signaling "Altcoin Season." However, this isn't your typical explosive alt rally.
Here is what's actually happening behind the scenes:
Seller Exhaustion: After a brutal two-year downtrend, altcoin selling pressure has dried up. They are finally bottoming out.
Bitcoin in the Driver’s Seat: The signal is rising because Bitcoin has been dragging down, not because massive new capital is flooding into alts.
The Relative Win: Alts look strong right now simply because they are holding steady while BTC drops.
💡 The Bottom Line: This is a highly bullish macro sign showing that the altcoin floor is in. However, a true, explosive altseason will likely only unlock once Bitcoin stabilizes and capital begins to rotate.
Are you accumulating alts here, or waiting for BTC to find its footing? Let’s discuss below! 👇
#Altseason #CryptoNews #Bitcoin #Glassnode
$BTC
$XRP
$SOL
The Glassnode Altcoin Cycle Signal has hit 86, officially signaling "Altcoin Season." However, this isn't your typical explosive alt rally.
Here is what's actually happening behind the scenes:
Seller Exhaustion: After a brutal two-year downtrend, altcoin selling pressure has dried up. They are finally bottoming out.
Bitcoin in the Driver’s Seat: The signal is rising because Bitcoin has been dragging down, not because massive new capital is flooding into alts.
The Relative Win: Alts look strong right now simply because they are holding steady while BTC drops.
💡 The Bottom Line: This is a highly bullish macro sign showing that the altcoin floor is in. However, a true, explosive altseason will likely only unlock once Bitcoin stabilizes and capital begins to rotate.
Are you accumulating alts here, or waiting for BTC to find its footing? Let’s discuss below! 👇
#Altseason #CryptoNews #Bitcoin #Glassnode
$BTC
$XRP
$SOL
$BTC selling pressure is unusually weak, Glassnode data suggests a bottom is forming
Glassnode's latest report highlights: the capitulation selling intensity during this BTC pullback is only half of the historical average, and spot liquidity has begun shifting towards support levels. In simple terms: it can't drop any further.
Shadow's interpretation: I've been keeping an eye on this signal for a while. Historically, BTC's true bottoms form when selling pressure is exhausted, not after a massive sell-off. Right now, the sell orders are shrinking, and buy orders are stepping in, but market sentiment is still in panic—this divergence between sentiment and capital often represents a window for smart money to accumulate. However, it's important to clarify: a bottom is a range, not a point. There is indeed a support wall building around $64K, but if macro sentiment deteriorates post-FOMC, a dip to $62K isn't out of the question. At this level, I'm choosing to maintain a light position and observe; I won't catch falling knives or go short—those shorting are up against whales that are already starting to accumulate, which is a recipe for disaster.
💬 The data aligns with my judgment, but I've still reduced my position by half. Have you adjusted your holdings today?
#BTC #Glassnode #链上数据 #ShadowShaman
Glassnode's latest report highlights: the capitulation selling intensity during this BTC pullback is only half of the historical average, and spot liquidity has begun shifting towards support levels. In simple terms: it can't drop any further.
Shadow's interpretation: I've been keeping an eye on this signal for a while. Historically, BTC's true bottoms form when selling pressure is exhausted, not after a massive sell-off. Right now, the sell orders are shrinking, and buy orders are stepping in, but market sentiment is still in panic—this divergence between sentiment and capital often represents a window for smart money to accumulate. However, it's important to clarify: a bottom is a range, not a point. There is indeed a support wall building around $64K, but if macro sentiment deteriorates post-FOMC, a dip to $62K isn't out of the question. At this level, I'm choosing to maintain a light position and observe; I won't catch falling knives or go short—those shorting are up against whales that are already starting to accumulate, which is a recipe for disaster.
💬 The data aligns with my judgment, but I've still reduced my position by half. Have you adjusted your holdings today?
#BTC #Glassnode #链上数据 #ShadowShaman
Over 250,000 BTC has just been accumulated in the 59-67k range. It's not just the whales doing this; both retail investors and institutions are getting in on the action. Glassnode shows that the Accumulation Trend Score is at its strongest level since the price correction — this says a lot about the current sentiment.
When smart money is scooping up assets in this zone, it creates a thick layer of support that's hard for the price to break through. Of course, the market might still be in a sideways trend, but the buying pressure is quietly increasing. For a trader, this is a signal worth monitoring rather than rushing in. Nothing is certain, but accumulating before a price surge is an old tale that the market often tells.
#BTC #TíchLũy #Glassnode #Analysis
When smart money is scooping up assets in this zone, it creates a thick layer of support that's hard for the price to break through. Of course, the market might still be in a sideways trend, but the buying pressure is quietly increasing. For a trader, this is a signal worth monitoring rather than rushing in. Nothing is certain, but accumulating before a price surge is an old tale that the market often tells.
#BTC #TíchLũy #Glassnode #Analysis
According to #CryptoQuant , #bitcoin whales led the recent dip buying between $60K and $61K, accounting for 61.6% of total buy-side activity.
Separate tracking data from #Glassnode aligns with this trend, showing that whales holding between 1,000 and 100,000 BTC scooped up roughly 40,000 $BTC (approx. $2.5 billion–$2.8 billion) during the localized dip before prices stabilized.
Separate tracking data from #Glassnode aligns with this trend, showing that whales holding between 1,000 and 100,000 BTC scooped up roughly 40,000 $BTC (approx. $2.5 billion–$2.8 billion) during the localized dip before prices stabilized.
XRP SEEING "INTENSE CAPITULATION" – GLASSNODE METRIC AT LOWEST SINCE 2024 📉
📉 XRP ON-CHAIN METRIC FLASHES WARNING – 90-DAY PROFIT/LOSS RATIO DROPS TO 0.38
Glassnode just dropped a bearish signal for XRP.
The
Realized Profit-to-Loss Ratio (90-day MA): 0.38 – lowest since 2024
Meaning: For every dollar of losses realized, only 38 cents in profit are being taken
Network fees dropped 91.5% – from 5,900 XRP (Feb 2025) to just 500 XRP
Glassnode's assessment: "A hallmark of intense capitulation" and "a near-total contraction in organic transaction demand" .
But there's hope: Analyst Ali Martinez notes XRP is approaching its largest buying zone in eight years, with support between $0.70–$0.90. If that holds, a rally back to $3 becomes "a realistic scenario" .
👇 XRP capitulation – bottom signal or more pain ahead?
#xrp #Glassnode #CapitulationSetup #cryptocrash $XRP
📉 XRP ON-CHAIN METRIC FLASHES WARNING – 90-DAY PROFIT/LOSS RATIO DROPS TO 0.38
Glassnode just dropped a bearish signal for XRP.
The
Realized Profit-to-Loss Ratio (90-day MA): 0.38 – lowest since 2024
Meaning: For every dollar of losses realized, only 38 cents in profit are being taken
Network fees dropped 91.5% – from 5,900 XRP (Feb 2025) to just 500 XRP
Glassnode's assessment: "A hallmark of intense capitulation" and "a near-total contraction in organic transaction demand" .
But there's hope: Analyst Ali Martinez notes XRP is approaching its largest buying zone in eight years, with support between $0.70–$0.90. If that holds, a rally back to $3 becomes "a realistic scenario" .
👇 XRP capitulation – bottom signal or more pain ahead?
#xrp #Glassnode #CapitulationSetup #cryptocrash $XRP
📉Bitcoin$BTC
broke the key level of $78 300
«True middle price» from Glassnode — marker of change of bullish trend to bearish. BTC$BTC closed lower for the first time since August 2025.
Fall confirms structural weakness. The return opens the way to recovery.
Level is not important for speculations, but for the phase of the cycle.
#bitcoin #BTC #Glassnode #Onchain #trend
broke the key level of $78 300
«True middle price» from Glassnode — marker of change of bullish trend to bearish. BTC$BTC closed lower for the first time since August 2025.
Fall confirms structural weakness. The return opens the way to recovery.
Level is not important for speculations, but for the phase of the cycle.
#bitcoin #BTC #Glassnode #Onchain #trend
📉 CO-FOUNDER OF GLASSNODE DEFENDS BITCOIN FLOOR AT $46K-$54K
Rafael, co-founder of Glassnode, mapped out the likely zones for Bitcoin's bottom using on-chain metrics. The expert points out that the strongest institutional support aligns in the mid $40K-$50K range.
Key points from the analysis:
🛡️ Most probable floor: The range between $46,000 and $54,000 (based on Realized Price and CVDD) serves as the most accurate historical anchor to halt declines.
⚠️ Extreme capitulation: A drop to $35,000-$40,000 is statistically improbable; BTC has only visited that zone in less than 3% of its history.
🚀 Recovery zone: To reactivate the bull market, the price must first reclaim resistance at $75,000-$79,000.
🔥 The current 50% correction is shallower than in past cycles (77-85%), validating a higher floor defended by whales.
#Bitcoin #Glassnode #OnChain #Binance
📊 WHERE TO PLACE BUY ORDERS?
The support block determined by Glassnode coincides with massive liquidity zones. Whales are already setting up their accumulation walls at this institutional discount.
👇 Tap the chart below to monitor BTC price in real-time 👇
$BTC
Rafael, co-founder of Glassnode, mapped out the likely zones for Bitcoin's bottom using on-chain metrics. The expert points out that the strongest institutional support aligns in the mid $40K-$50K range.
Key points from the analysis:
🛡️ Most probable floor: The range between $46,000 and $54,000 (based on Realized Price and CVDD) serves as the most accurate historical anchor to halt declines.
⚠️ Extreme capitulation: A drop to $35,000-$40,000 is statistically improbable; BTC has only visited that zone in less than 3% of its history.
🚀 Recovery zone: To reactivate the bull market, the price must first reclaim resistance at $75,000-$79,000.
🔥 The current 50% correction is shallower than in past cycles (77-85%), validating a higher floor defended by whales.
#Bitcoin #Glassnode #OnChain #Binance
📊 WHERE TO PLACE BUY ORDERS?
The support block determined by Glassnode coincides with massive liquidity zones. Whales are already setting up their accumulation walls at this institutional discount.
👇 Tap the chart below to monitor BTC price in real-time 👇
$BTC
⌛ BITCOIN SHOWING SIGNS OF LIFE! GLASSNODE AND WILLY WOO SAY THE WORST MAY BE OVER 🟢📊
---
The king is ranging between $74k and $78k, but on-chain data reveals something crucial: the selling pressure is waning. Are we at the end of the correction or is this a bear trap?
---
🔍 WHAT THE DATA SAYS (AND WHY IT MATTERS)
Glassnode:
· "Selling pressure is easing"
· Market sentiment is "more balanced"
· Funding payments for long positions shot up +135% → renewed risk appetite
Willy Woo:
· "No signs of a BTC drop at this moment"
· Liquidity is at "equilibrium"
· His models indicate a "very neutral" – stable structure
---
⚠️ BUT WATCH OUT: IT'S NOT TIME FOR EUPHORIA
· Bitcoin remains -38% below its ATH ($126k reached in 2025)
· Spot activity fell 10% → less speculation
· Willy Woo admits there’s a "tactical hurdle for the bulls"
---
💬 WHAT THE COMMUNITY SHOULD DEBATE
❓ Are you accumulating at these levels or waiting for further drops?
❓ Do you think Woo was wrong with his $45k prediction?
❓ Do you use DCA or prefer to wait for clearer signals?
---
📢 FINAL RECOMMENDATION
We're at a decision zone.
· For conservative traders: Long-term DCA remains the play.
· For active traders: ranging = patience. Don’t force entries.
· For bears: be cautious – selling pressure is dwindling.
---
✅ REACT and COMMENT: Do you think Bitcoin will hit $70k or will it soar to $90k first?
🔁 Share so more traders can see these signals
$BTC $ETH $NVDA
#Bitcoin #Glassnode #AnálisisOnChain #DCA #Binance
---
The king is ranging between $74k and $78k, but on-chain data reveals something crucial: the selling pressure is waning. Are we at the end of the correction or is this a bear trap?
---
🔍 WHAT THE DATA SAYS (AND WHY IT MATTERS)
Glassnode:
· "Selling pressure is easing"
· Market sentiment is "more balanced"
· Funding payments for long positions shot up +135% → renewed risk appetite
Willy Woo:
· "No signs of a BTC drop at this moment"
· Liquidity is at "equilibrium"
· His models indicate a "very neutral" – stable structure
---
⚠️ BUT WATCH OUT: IT'S NOT TIME FOR EUPHORIA
· Bitcoin remains -38% below its ATH ($126k reached in 2025)
· Spot activity fell 10% → less speculation
· Willy Woo admits there’s a "tactical hurdle for the bulls"
---
💬 WHAT THE COMMUNITY SHOULD DEBATE
❓ Are you accumulating at these levels or waiting for further drops?
❓ Do you think Woo was wrong with his $45k prediction?
❓ Do you use DCA or prefer to wait for clearer signals?
---
📢 FINAL RECOMMENDATION
We're at a decision zone.
· For conservative traders: Long-term DCA remains the play.
· For active traders: ranging = patience. Don’t force entries.
· For bears: be cautious – selling pressure is dwindling.
---
✅ REACT and COMMENT: Do you think Bitcoin will hit $70k or will it soar to $90k first?
🔁 Share so more traders can see these signals
$BTC $ETH $NVDA
#Bitcoin #Glassnode #AnálisisOnChain #DCA #Binance
Bitcoin Price Prediction: Glassnode Says $5 Trillion Still Up in the Air
Bitcoin is hovering below the $80K mark, maintaining a cautious outlook during its recovery process, with the latest on-chain data revealing a staggering number.
#比特币 #Glassnode #on-chain data
Bitcoin is hovering below the $80K mark, maintaining a cautious outlook during its recovery process, with the latest on-chain data revealing a staggering number.
#比特币 #Glassnode #on-chain data
Update Altcoin Cycle Signal (#Altcoin Cycle): The signal continues to strongly confirm that we are in an Altcoin Season. This reflects strength beyond just the effect of the range we discussed last month. Altcoins continue to show strong performance, both on a relative and absolute basis.
Quote from #Glassnode :
The Altcoin Cycle signal has returned to an Altcoin Season. Under normal conditions, this signal means that altcoins rise while Bitcoin maintains its strength. But right now, we see that altcoins have started to exhaust selling pressure after nearly two years, while Bitcoin is experiencing a sharp decline. So far, Bitcoin’s side is still the main factor driving this signal.
Quote from #Glassnode :
The Altcoin Cycle signal has returned to an Altcoin Season. Under normal conditions, this signal means that altcoins rise while Bitcoin maintains its strength. But right now, we see that altcoins have started to exhaust selling pressure after nearly two years, while Bitcoin is experiencing a sharp decline. So far, Bitcoin’s side is still the main factor driving this signal.
The _Trading _Greek:
👍Nice post, 🚀 Join my "chat room" pinned on my "profile" for real-time trade setups and market updates!
Calm before the storm? 🚀📉
🚨 HISTORIC: Bitcoin has just officially entered the third longest consolidation period in its entire history.
We’ve had 307 consecutive days trapped in the $60,000 - $70,000 range. Today we’re trading around $64,400, but what does this mean historically for the price? I’ll tell you in this thread 👇
To give you an idea, the two longest consolidations happened in:
1️⃣ The $10K-$20K range (after the 2017 cycle and during the bear market).
2️⃣ The $20K-$30K range (the floor of 2022-2023).
What’s the common pattern? Both periods of extreme boredom ended with massive moves and historic bullish breakouts once they broke out of the range. The “boredom” in BTC usually comes before the wildest rallies.
What’s interesting about these 307 days is what Glassnode’s on-chain data calls a “cost basis cluster.”
About 6% of Bitcoin’s circulating supply (around 1.2 million BTC) changed hands between $58,000 and $64,000. This means that a huge number of investors have their average buy price right here. It’s a crucial support wall.
We’re currently reclaiming ground above the 200-week moving average (~$62,873), which is an excellent technical sign of resilience. The million-dollar question is: will this be the final support to break $70,000, or are we in for more sideways trading?
💬 What are you doing in this range? Accumulating or waiting for the breakout?
#bitcoin #BTC #crypto #Glassnode #trading
🚨 HISTORIC: Bitcoin has just officially entered the third longest consolidation period in its entire history.
We’ve had 307 consecutive days trapped in the $60,000 - $70,000 range. Today we’re trading around $64,400, but what does this mean historically for the price? I’ll tell you in this thread 👇
To give you an idea, the two longest consolidations happened in:
1️⃣ The $10K-$20K range (after the 2017 cycle and during the bear market).
2️⃣ The $20K-$30K range (the floor of 2022-2023).
What’s the common pattern? Both periods of extreme boredom ended with massive moves and historic bullish breakouts once they broke out of the range. The “boredom” in BTC usually comes before the wildest rallies.
What’s interesting about these 307 days is what Glassnode’s on-chain data calls a “cost basis cluster.”
About 6% of Bitcoin’s circulating supply (around 1.2 million BTC) changed hands between $58,000 and $64,000. This means that a huge number of investors have their average buy price right here. It’s a crucial support wall.
We’re currently reclaiming ground above the 200-week moving average (~$62,873), which is an excellent technical sign of resilience. The million-dollar question is: will this be the final support to break $70,000, or are we in for more sideways trading?
💬 What are you doing in this range? Accumulating or waiting for the breakout?
#bitcoin #BTC #crypto #Glassnode #trading
🚨 The European Parliament approved today to extend Chat Control 1.0 until 2028, despite most voting against (314-276), because the required absolute majority was not reached.
🚀 AI, Web3, and digital finance will be the stars of the ninth edition of Cripto Latin Fest.
The event will bring companies, experts, and developers together in Bogotá to discuss where the ecosystem is heading.
Learn the details.
📢 Bitcoin enters a critical phase: Glassnode detects signs of a bottom forming, but the market has not yet confirmed a trend reversal
Bitcoin continues to show signals typical of an advanced stage of the bear market, although analysts believe it is still too early to declare the start of a new bull cycle. A recent Glassnode report states that the process of building a bottom is already underway, supported by on-chain indicators, institutional flows …
#BTC #Glassnode #Web3 #Colombia #regulacion $BTC
🚀 AI, Web3, and digital finance will be the stars of the ninth edition of Cripto Latin Fest.
The event will bring companies, experts, and developers together in Bogotá to discuss where the ecosystem is heading.
Learn the details.
📢 Bitcoin enters a critical phase: Glassnode detects signs of a bottom forming, but the market has not yet confirmed a trend reversal
Bitcoin continues to show signals typical of an advanced stage of the bear market, although analysts believe it is still too early to declare the start of a new bull cycle. A recent Glassnode report states that the process of building a bottom is already underway, supported by on-chain indicators, institutional flows …
#BTC #Glassnode #Web3 #Colombia #regulacion $BTC
Glassnode Weekly Report: Bitcoin is still in the late stage of bottoming out; selling pressure from long-term holders and net ETF outflows have not yet eased.
Data: Over the past five months, BTC has been below the real market average and the cost basis of short-term holders; long-term holder losses realized account for 43% of total realized value; the daily loss-realization peak reached $280 million, the highest since December 2022.
This is a typical feature of the late stage of a bear market—long-term holders crystallize losses and exit, with coins transferring from low-conviction holders to high-conviction investors. But selling pressure has not yet clearly weakened, and the process of bottoming out is still underway.
Historical pattern: In December 2022, a similar loss-realization peak also appeared, after which BTC bottomed within six months. But history won’t simply repeat itself.
How long do you think Bitcoin’s bottoming-out phase still needs?
#BTC #Glassnode #筑底 #长期持有者 #On-chain data
Data: Over the past five months, BTC has been below the real market average and the cost basis of short-term holders; long-term holder losses realized account for 43% of total realized value; the daily loss-realization peak reached $280 million, the highest since December 2022.
This is a typical feature of the late stage of a bear market—long-term holders crystallize losses and exit, with coins transferring from low-conviction holders to high-conviction investors. But selling pressure has not yet clearly weakened, and the process of bottoming out is still underway.
Historical pattern: In December 2022, a similar loss-realization peak also appeared, after which BTC bottomed within six months. But history won’t simply repeat itself.
How long do you think Bitcoin’s bottoming-out phase still needs?
#BTC #Glassnode #筑底 #长期持有者 #On-chain data
🟠 Bitcoin's $60K Floor Tested: On-Chain Data Signals Bearish Undercurrent Despite Buyer Interest
Bitcoin is trying to build a base near $60,000, with spot buyers stepping back into the arena. This has eased some pressure on recent entrants, but the underlying on-chain data tells a different story, confirming the market is still deep in bear territory. Realized losses are still outstripping gains, a clear signal that most holders are underwater and selling into any bounce 🔥.
Valuation metrics echo this bearish sentiment. The True Market Mean sits significantly above current prices, and short-term holder profitability remains below the breakeven line. While order books show strong bids stacking up around $60K, suggesting traders are ready to absorb supply, this liquidity hasn't yet translated into a bullish on-chain regime shift. Open interest has cooled, and funding rates are neutral, indicating a more patient, less leveraged buyer base, but not necessarily a bottom 📉.
Longer-term indicators flash rare deep value signals, historically preceding major cycle recoveries. However, new risks like quantum computing threats and digital asset treasury exposure cast a shadow. This tension keeps the deep-value read constructive but far from a confirmed bottom. The price action is currently neutral, stuck between the $60K support and the $64K-$66K pivot zone. A reclaim of this zone could open upside, but a rejection here likely traps BTC in a tight range.
📊 Expect sideways chop between $60K and $66K in the short term. A decisive break above $66K could trigger a short squeeze targeting $74K, while a fall below $60K would accelerate losses across alts.
Can the $60K floor hold against the bearish on-chain data, or is a deeper dive inevitable? 👇
#btc #bitcoin #onchain #glassnode #bearmarket
Bitcoin is trying to build a base near $60,000, with spot buyers stepping back into the arena. This has eased some pressure on recent entrants, but the underlying on-chain data tells a different story, confirming the market is still deep in bear territory. Realized losses are still outstripping gains, a clear signal that most holders are underwater and selling into any bounce 🔥.
Valuation metrics echo this bearish sentiment. The True Market Mean sits significantly above current prices, and short-term holder profitability remains below the breakeven line. While order books show strong bids stacking up around $60K, suggesting traders are ready to absorb supply, this liquidity hasn't yet translated into a bullish on-chain regime shift. Open interest has cooled, and funding rates are neutral, indicating a more patient, less leveraged buyer base, but not necessarily a bottom 📉.
Longer-term indicators flash rare deep value signals, historically preceding major cycle recoveries. However, new risks like quantum computing threats and digital asset treasury exposure cast a shadow. This tension keeps the deep-value read constructive but far from a confirmed bottom. The price action is currently neutral, stuck between the $60K support and the $64K-$66K pivot zone. A reclaim of this zone could open upside, but a rejection here likely traps BTC in a tight range.
📊 Expect sideways chop between $60K and $66K in the short term. A decisive break above $66K could trigger a short squeeze targeting $74K, while a fall below $60K would accelerate losses across alts.
Can the $60K floor hold against the bearish on-chain data, or is a deeper dive inevitable? 👇
#btc #bitcoin #onchain #glassnode #bearmarket
🟠 Half BTC at $60K at risk: on-chain data signals a bearish underground, despite buying interest
Bitcoin is trying to build a base around $60,000, and spot buyers are returning to the arena. This has eased some pressure off recent participants, but the underlying on-chain data tells a different story, confirming that the market is still deep in bearish territory. Realized losses continue to exceed profits, which is a clear signal that most holders are in the red and are selling on any bounce 🔥.
Valuation metrics reflect this bearish sentiment. The True Market Mean is significantly above current prices, and the profitability of short-term holders remains below breakeven. While the order books show strong bids accumulating around $60K, suggesting that traders are ready to absorb the supply, this liquidity has yet to lead to a bullish shift in on-chain mode. Open interest has cooled off, and funding rates are neutral, indicating a more patient, less leveraged buyer base, but not necessarily a bottom 📉.
Long-term indicators show rare signals of deep value, historically preceding major cycle recoveries. However, new risks such as threats from quantum computing and the unveiling of treasury assets cast a shadow. This tension maintains a constructive view of deep value assessment, but far from a confirmed bottom. Price action is currently neutral, stuck between support at $60K and the pivot zone of $64K-$66K. A recovery of this zone could pave the way upward, but a rejection here is likely to trap BTC in a tight range.
📊 Expect sideways movements between $60K and $66K in the short term. A decisive breakout above $66K could trigger a short squeeze targeting $74K, while a drop below $60K would accelerate losses across all altcoins.
Will half at $60K withstand the bearish on-chain data, or is a deeper drop inevitable? 👇
#btc #bitcoin #onchain #glassnode #bearmarket
Bitcoin is trying to build a base around $60,000, and spot buyers are returning to the arena. This has eased some pressure off recent participants, but the underlying on-chain data tells a different story, confirming that the market is still deep in bearish territory. Realized losses continue to exceed profits, which is a clear signal that most holders are in the red and are selling on any bounce 🔥.
Valuation metrics reflect this bearish sentiment. The True Market Mean is significantly above current prices, and the profitability of short-term holders remains below breakeven. While the order books show strong bids accumulating around $60K, suggesting that traders are ready to absorb the supply, this liquidity has yet to lead to a bullish shift in on-chain mode. Open interest has cooled off, and funding rates are neutral, indicating a more patient, less leveraged buyer base, but not necessarily a bottom 📉.
Long-term indicators show rare signals of deep value, historically preceding major cycle recoveries. However, new risks such as threats from quantum computing and the unveiling of treasury assets cast a shadow. This tension maintains a constructive view of deep value assessment, but far from a confirmed bottom. Price action is currently neutral, stuck between support at $60K and the pivot zone of $64K-$66K. A recovery of this zone could pave the way upward, but a rejection here is likely to trap BTC in a tight range.
📊 Expect sideways movements between $60K and $66K in the short term. A decisive breakout above $66K could trigger a short squeeze targeting $74K, while a drop below $60K would accelerate losses across all altcoins.
Will half at $60K withstand the bearish on-chain data, or is a deeper drop inevitable? 👇
#btc #bitcoin #onchain #glassnode #bearmarket
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