After a major market move, staying objective can be difficult. Glassnodeβs latest weekly report breaks down the recent liquidation cascade, who bought the squeeze, and the overhead supply BTC now faces.
π The data gives a clearer picture of what is happening beneath the price action and what could come next.
β
π The data gives a clearer picture of what is happening beneath the price action and what could come next.
β
Crypto Analytic Z
Bitcoin is currently trading sideways, encountering selling pressure near the $80,000 mark. Resistance remains consistent around the $82,000-$83,000 range. Immediate support levels are at $77,000 and $75,000. β
Bitcoin is facing selling pressure at the $80,000 level. Nothing has changed in the market, so let's see how it reacts.
β
β
PUMP tested the $0.005500 resistance level but was unable to break above it. The price is currently experiencing a small pullback, which presents an opportunity to buy more if you missed the earlier chance. The market structure remains bullish, and a break above $0.005500 could lead to a significant rally.
β
β
π₯ Solana ETF demand is picking up strongly.
Spot Solana ETFs have seen a record stretch of inflows, while Bitwiseβs BSOL has emerged as the clear leader. BSOL now holds over 9.3 million SOL and has crossed $1 billion in AUM, according to its latest holdings data.
π This growing institutional demand is a positive signal for SOL, showing increasing interest in gaining exposure through regulated investment products. If inflows continue, they could provide additional support for Solanaβs price and broader market sentiment. π
β
Spot Solana ETFs have seen a record stretch of inflows, while Bitwiseβs BSOL has emerged as the clear leader. BSOL now holds over 9.3 million SOL and has crossed $1 billion in AUM, according to its latest holdings data.
π This growing institutional demand is a positive signal for SOL, showing increasing interest in gaining exposure through regulated investment products. If inflows continue, they could provide additional support for Solanaβs price and broader market sentiment. π
β
Crypto Analytic Z
Bitcoin is facing selling pressure at the $80,000 level. Nothing has changed in the market, so let's see how it reacts. β
Bitcoin is experiencing some downward movement, and volume has dropped due to the weekend. I expect sideways movement for the next couple of days before the next leg up.
β
β
π Glassnode highlights a major Bitcoin supply zone above the current price.
Around 1.05 million BTC held long-term investors sits between $83,000 and $86,000, making this the first major overhead supply shelf.
π If BTC reaches this zone, some holders may sell around breakeven, creating strong resistance and profit-taking pressure.
A clean breakout above $86,000 could signal that buyers have successfully absorbed this supply and potentially open the way for the next leg higher. π
β
Around 1.05 million BTC held long-term investors sits between $83,000 and $86,000, making this the first major overhead supply shelf.
π If BTC reaches this zone, some holders may sell around breakeven, creating strong resistance and profit-taking pressure.
A clean breakout above $86,000 could signal that buyers have successfully absorbed this supply and potentially open the way for the next leg higher. π
β
Crypto Analytic Z
Photo
Bitcoin is moving back and forth within the area, and the next draw on liquidity is at the resistance zone of $82,200. Price might move through it if the market does not present negative sentiments.
β
β
π This Glassnode metric is essentially an on-chain volume profile β a heatmap showing the clusters where Bitcoin supply was last moved.
The weight of the low $60Ks cannot be overstated. π
That area represents an enormous cluster of fresh spot BTC accumulation, showing just how much buying took place around those levels.
In other words, the low $60K region is a major on-chain cost-basis zone and could become an important area of support if price revisits it. π₯
β
The weight of the low $60Ks cannot be overstated. π
That area represents an enormous cluster of fresh spot BTC accumulation, showing just how much buying took place around those levels.
In other words, the low $60K region is a major on-chain cost-basis zone and could become an important area of support if price revisits it. π₯
β
Crypto Analytic Z
Bitcoin is moving back and forth within the area, and the next draw on liquidity is at the resistance zone of $82,200. Price might move through it if the market does not present negative sentiments. β
Bitcoin continues to move sideways, and we are still waiting for a clear movement. Let's see how the price reacts at the resistance area.
β
β
ERA has shown a solid rally as anticipated. We accumulated ERA near the support zone, and the price has moved over 25% from that point. After facing resistance, the price has now returned to trade near the support zone again. You can consider opening a long position here with a tight stop-loss set below the $0.055 level.
β
β
π Bitcoin sentiment remains firmly in the Greed zone, with the Fear & Greed Index at 69 and BTC around $78,593.
π This shows strong bullish sentiment, but the market is getting closer to the Extreme Greed zone. With BTC still near major resistance, traders should watch for profit-taking and volatility. π
β
π This shows strong bullish sentiment, but the market is getting closer to the Extreme Greed zone. With BTC still near major resistance, traders should watch for profit-taking and volatility. π
β
π₯ MUBARAK delivered strong upward rally!
Price reached the $0.030 level, giving around 50% profit for those who entered at $0.020 or below, as previously discussed.
π The setup played out beautifully, and our recent signals have continued to perform strongly.
Stay tuned β another signal could be coming soon. π₯
π Pin the channel to the top so you never miss our next update!
β
Price reached the $0.030 level, giving around 50% profit for those who entered at $0.020 or below, as previously discussed.
π The setup played out beautifully, and our recent signals have continued to perform strongly.
Stay tuned β another signal could be coming soon. π₯
π Pin the channel to the top so you never miss our next update!
β
Crypto Analytic Z
Bitcoin is currently moving sideways, and there is nothing new in the market. Gold, however, is trending upward, and we might also see some upward movement in the cryptocurrency market. β
Bitcoin is following the movement of gold and has reached a resistance area. The price needs to break above this resistance to establish a positive trend.
β
β
Bitcoin is currently trapped between two major on-chain zones. The $62Kβ$65K area acts as a strong accumulation floor, while heavy Long-Term Holder supply between $83Kβ$86K creates major overhead resistance.
π As long as BTC remains between these zones, choppy or range-bound movement is possible. A breakout above $83Kβ$86K could open the door to further upside, while losing $62Kβ$65K would weaken the structure significantly. π
β
π As long as BTC remains between these zones, choppy or range-bound movement is possible. A breakout above $83Kβ$86K could open the door to further upside, while losing $62Kβ$65K would weaken the structure significantly. π
β
We're going to share a major TA/FA-based breakout call setup at 5 PM GMT TODAY! π
Exchange: BINANCE
Stay tunedπβοΈ
β
Exchange: BINANCE
Stay tunedπβοΈ
β