In June, $BTC outperformed the S&P 500 on just 1 in 5 trading days — its weakest stretch in six years. Now, Bitcoin’s win rate has climbed back above 50% while stocks remain relatively flat.
👉 This suggests a renewed, more Bitcoin-specific demand rather than simply broader risk-on momentum.
#Travala $AVA /USDT has flipped strongly bullish after cleanly breaking out of its local consolidation zone. Buyers have taken back complete control of the trend, clearing key overhead resistance. With the pattern fully triggered, we are expecting a strong continuation pump to hit our upper targets soon.
#Worldcoin $WLD /USDT has officially broken out of a classic Cup and Handle pattern. Buyers have taken full control of the intraday trend, pushing price cleanly past core resistance. With the pattern fully triggered, we are expecting a strong continuation pump toward our upper targets shortly.
🕯 Short-term risk remains elevated after Bitcoin’s sharp move off the bottom. That’s exactly why this cool-off was needed. The trend can stay constructive while excess momentum resets.
Short-term holders are the most likely to sell into a rally, and almost all of them are now in profit. Their share of supply in profit is above the sell line, where their selling has picked up in the past. The line has been crossed early in recoveries, such as 2019 and 2023, and near tops, such as 2021 and 2025. On its own, it does not show which way price goes next. Realized profit across all holders is still low, so the incentive to sell has not yet turned into heavy selling. A drop back below the sell line, together with rising realized profit, would be the first sign that recent buyers are taking profits.
🔥 ALCISTA: Bitcoin rompió por encima de $85K después de que los vendedores retiraran sus órdenes de venta, con el siguiente muro de oferta formándose cerca de $87K, según Glassnode.
$KSM /USDT has successfully cleared local structure and confirmed a bullish breakout. We anticipate an imminent upside expansion as buying volume builds.
$ALICE /USDT está mostrando una postura alcista sólida. La estructura del mercado se ha desplazado firmemente a favor de los compradores, abriendo el camino para una expansión inmediata al alza hacia los objetivos primarios de resistencia.
El MVRV Z-Score se mantiene por encima de su promedio de 365 días: la estructura a largo plazo todavía favorece el al alza “Históricamente, una vez que el MVRV Z-Score pasó por encima de su promedio de 365 días, ese promedio a menudo actuó como soporte durante la fase alcista más amplia.”
📊 Bitcoin open interest is now nearly 20% below its August level, according to Glassnode data cited by The Block.
Leverage has cooled significantly, while $BTC is still trading well above its August low. This suggests the market has seen a meaningful reset in leverage without a comparable. drop in price.
👉 Lower leverage could help create a healthier market structure and reduce the risk of excessive liquidations during the next major move.
📊 JPMorgan dice que el trading de Bitcoin cerca de su costo promedio de producción estimado de 85.000 dólares podría brindar alivio a los mineros y reducir el riesgo de ventas forzadas.
Bitcoin pasó 280 días por debajo del costo de producción estimado por el banco, presionando a los mineros de mayor costo para que apaguen las máquinas, vendan rigs más antiguos y busquen electricidad más barata.
📊 La señal del ciclo de las altcoins ha cambiado de Bitcoin a la temporada de altcoins, ya que el repunte de hoy se extiende por el mercado más amplio de altcoins, según Glassnode.