BITPRISMIA
Glassnode cautions against overly optimistic Bitcoin price predictions of $200,000, emphasizing the importance of key resistance levels and sustainable buying volume for long-term growth.
The Bitcoin market is currently in a consolidation phase, with the $115,000 level identified as a key liquidity point that could influence its next major move.
An early Ethereum trend reversal may be underway, driven by a significant increase in holdings by first-time buyers, sparking optimism for a potential new bullish cycle.
Recent Bitcoin whale activity shows a surge in large BTC deposits to exchanges, potentially indicating profit-taking or capital rotation, which could impact market dynamics.
Bitcoin's realized cap has surpassed $1 trillion, reflecting significant capital inflow and collective belief in Bitcoin's value, as tracked by Glassnode's on-chain metrics.
New Bitcoin investors accumulated 140,000 BTC in July, signaling strong confidence in Bitcoin's long-term value and a maturing market.
Ether (ETH) reaches a five-month high due to corporate ether treasury strategies and ETF inflows, while Bitcoin shows signs of recovery from a recent dip.
Bitcoin's short-term holders (STHs) have reached an average buying price above $100,000, signaling potential strong support for BTC and indicating market maturity.
Bitcoin investors realized $3.5 billion in gains within 24 hours, marking the largest daily profit-taking event this year, with long-term holders driving the majority of the sales.
Bitcoin's price rally stalls as long-term holders cash out, with $3.5 billion in realized profits and a supply gap between $110,000 and $116,000 contributing to a 5%-6% price drop.