Bitcoin experiences its longest capitulation phase since late 2022, with 45 metrics tracked by Glassnode signaling market cooling, though aggregate readings have yet to reach previous bear-market bottom depths.
Bitcoin trades near $65,978, below the short-term holder cost basis of $69,000, as markets anticipate the Federal Reserve's July 28-29 meeting. Weak labor data and slowing core CPI suggest a less restrictive Fed, but rising oil prices and Treasury yields add complexity, making Bitcoin's rally conditional on the Fed's stance.
Bitcoin struggles below key on-chain metrics like the True Market Mean ($76.6K) and short-term holder cost basis ($72.2K). Long-term holders are realizing significant losses, with daily realized value from these sales peaking near $280M. While ETF net flows have improved, they remain negative, and trading volumes are substantially below prior peaks. The Fed's minutes suggest a cautious stance on inflation, leaving room for potential policy firming, which adds to Bitcoin's vulnerability.
Glassnode reports 54% of Bitcoin supply is in loss, marking a sharp deterioration in investor profitability. This suggests an unusual bottoming process where long-term holders accumulate while ETF investors sell, indicating a controlled migration of BTC to patient hands despite price weakness.
Glassnode'a göre Bitcoin kritik bir dönüm noktasına ulaştı. Şubat ve Mart başındaki diplerin tekrar görülmesi, aşağı yönlü hareketin sertleşebileceği endişelerini artırıyor. Opsiyon piyasasında 'put' opsiyonlarının artması ve 60.500 dolar altındaki yoğun pozisyonlar, olası satış baskısını işaret ediyor.
Bitcoin's price dropped below $60,000, driven by spot selling, ETF outflows, and macroeconomic pressures, with on-chain data indicating a demand failure and potential structural bear market territory.
Glassnode'a göre Bitcoin'deki düşüşler alıcılar tarafından fırsat olarak değerlendirildi. "Dipten satın al" eğilimiyle birlikte küçük ve büyük cüzdanlar alım yapmayı tercih etti.
Glassnode's latest report indicates Bitcoin is in a deep discount phase, with over 95% of short-term holders underwater. Recovery is likely dependent on the dollar index (DXY) falling below 99 or 10-year Treasury yields compressing towards 4.2%.
Glassnode'ın Risk Endeksi, Bitcoin piyasasındaki riskin yeniden arttığını gösteriyor. Endeksin 63 seviyesine ulaşması, kısa vadeli oynaklığın artabileceği ve piyasa yapısının zayıflayabileceği uyarısını veriyor.
Une analyse de Glassnode révèle que 6,04 millions de bitcoins (30,2% de l'offre) sont exposés au risque quantique. Cette menace pourrait permettre à de futurs ordinateurs quantiques de casser la cryptographie protégeant les clés privées. Les exchanges détiennent une part significative de ces fonds.
Over 6 million Bitcoin (30.2% of supply) are vulnerable to quantum computer attacks due to exposed public keys. This exposure is split between structural design flaws and operational address reuse, with exchanges holding a significant portion.
About 30.2% of Bitcoin (6.04 million coins) has exposed public keys, with crypto exchanges holding a significant portion. This operational risk, due to poor wallet management, is measurable now, unlike the distant threat of quantum computers.
Glassnode reports nearly 10% of Bitcoin's supply (1.92 million BTC) is structurally unsafe from quantum computing, including early Satoshi-era coins and Taproot addresses. While 70% is safe, 20.6% is operationally unsafe due to key management issues. Major entities like Franklin Templeton and Binance show significant exposure.
Glassnode analizi, altcoin yatırımcılarının SOPR oranının 1'e geldiğini gösteriyor. Bu durum, yatırımcıların başabaş noktasına ulaştığını ve satış baskısının artabileceğini işaret ediyor.
New XRP addresses hit multi-year lows, per Glassnode data, as the network shifts from "retail speculation" to institutional usage.
On Apr. 22, Bitcoin price registered an intraday high of $79,485 as broader risk assets bounced on relief from a ceasefire. On-chain data frames Bitcoin's (BTC) approach to $80,000 as a behavioral tripwire, a ceiling built from the breakeven psychology of recent buyers. Glassnode says BTC has reclaimed the True Market Mean at $78,100, a […] The post Bitcoin faces wall near $80k as recent buyers rush to get out as ceiling stays hot appeared first on CryptoSlate.
Bitcoin's active addresses dropped to their lowest level since 2016 on Apr. 8, reaching 661,313, while price held near $78,000. The disconnect reflects a structural shift where price discovery now happens in ETF order books and futures markets rather than the base layer. Glassnode's Accumulation Trend Score sits at 0, indicating distribution, while illiquid supply reached 13.45 million BTC. Goldman Sachs filed for a Bitcoin ETF on Apr. 14, joining Morgan Stanley's January filing, enabling capital to enter without touching the chain. Key technical levels to watch are $78,100 and $81,600, with support zones at $69,000-$71,500 and $54,000 downside.
