🤔$BTC
Are we really out of gas already? The market has two opposing viewpoints. Many traders are bullish on Bitcoin, believing the bottom has already formed and that it could test the previous stage high of $87,000, with some even anticipating that October will challenge $100,000. This quarter’s gains are already over 40%📈.
But Glassnode offers a different take: compared with past bull-bear cycles, this pullback looks relatively small, and the true bottom may still be about 90 days away. Geopolitical tensions, rising U.S. Treasury yields, and higher oil prices will all weigh on risk assets.
On the other hand, on-chain data shows that large holders who own 100–1,000 BTC are continuing to accumulate. Since July 15, they have added more than 110,000 units of coins. With bullish and bearish views colliding, the outlook for Q4 has plenty of uncertainty. It’s important to keep monitoring both macro and on-chain signals.#比特币两度受阻87300美元
Are we really out of gas already? The market has two opposing viewpoints. Many traders are bullish on Bitcoin, believing the bottom has already formed and that it could test the previous stage high of $87,000, with some even anticipating that October will challenge $100,000. This quarter’s gains are already over 40%📈.
But Glassnode offers a different take: compared with past bull-bear cycles, this pullback looks relatively small, and the true bottom may still be about 90 days away. Geopolitical tensions, rising U.S. Treasury yields, and higher oil prices will all weigh on risk assets.
On the other hand, on-chain data shows that large holders who own 100–1,000 BTC are continuing to accumulate. Since July 15, they have added more than 110,000 units of coins. With bullish and bearish views colliding, the outlook for Q4 has plenty of uncertainty. It’s important to keep monitoring both macro and on-chain signals.#比特币两度受阻87300美元
