Over the past two weeks, Bitcoin (BTC) has reached a new historic maximum of USD 111,800. However, this enthusiasm has been stopped and at the time of this publication, it will trade around DEUSD 103,000.
Bitcoin managed to find the new company floor for USD 103,700. This occurs in the context where the old BTC Hoddlers are removing their holdings. The current sustained decisions of investors now face important evidence.
A tool called Delta Accumulation (CBD) that acts as a market radiography is usually used to analyze buyer movements. This method is at a price level where the buyer has become more active in front of the seller; It emphasizes regions where demand is particularly strong.
Map analysis by the GlassNode company reveals that Bitcoin rebounds have been built in several stages, with a significant accumulation (large purchases) at 85,000 range of USD 81,000, USD 93,000 USD 96,000, and USD 102,000-USD 104,000.
The following graph shows the market heat map and the most important extent.
Currently, these areas are solid foundations. If prices drop, they could serve as a support level. They can re-validate the priceif the market is maintaining a positive mood.
This support of USD 103,000 was fully identified by Florian Florian Grummes Financial Market Analyst. He guarantees that the set-offs that digital currency has recently been “healthy”, as reported by Crypto. BTC will exceed USD 125,000 in the coming weeks.
However, from GlassNode, it highlights that investors who bought it in early 2025, when Bitcoin fell below US$80,000 now face challenges. Without a clear address, the prices on the left and right The first impulse indicates that it is losing strength.
Why doesn’t the price go up?
To understand why Bitcoin is not continuing its promotion, we need to look at the market from a broader perspective. From the lowest point in the June 2022 cycle, the CBD heatmap shows significant changes. Areas where investors purchased large quantities of BTC (as a basis for increasing prices) Now they’re the area they sell.
This means those who bought at a lower price, especially in the range of USD 31,000 for USD 25,000 and USD 73,000 for USD 60,000. They use relatively high prices to sell and earn profits As you can see in this graph, with fíat money:
These sales create pressure that makes it difficult for Bitcoin to rise, at least for now. Investors who bought these low levels and resisted the waterfall period Now they see an opportunity to sell at a price close to their historic maximumincreasing the supply of BTC in the market and brakes the rise.
This sales wave will likely lead to a short-term decline in Bitcoin prices. This is especially true if you don’t see any important eventspromote new buyers as positive news or increase in adoption or institutional investment.
So where do you go for the price?
Tools such as the Distribution Molecule of Consumption Supply (SSD) are used if prices can be stabilized or to find obstacles. This metric examines the price at which investors purchased BTC Organize them in percentiles to identify important levels.
at the moment:
- The quartile of 0.95 (represents the top 5% of coins sold) is 103,700 USD, serving as the initial level of support. If prices are falling with enough force (which can probably occur in a few hours), the next important support is at 0.85 USD 95,600 USD quantile.
- If Bitcoin overcomes USD 114,800, it can show that buyers are regaining control and prices may continue to rise.
This graph shows the quantile of the distribution of supplies used from Bitcoin.
Another tool to determine this is the short-term fork cost (STH). This shows the average price that recent buyers (who had Bitcoin in under 155 days) got coins.
This level is USD 97,100. If prices drop, the key level is $83,200, and if investors panic recently, they could potentially earn more sales. Meanwhile, overcoming USD 114,800 It becomes an updated force signalaccording to GlassNode calculations.
They point it out:
“These three levels, US$114,800, US$97,100, and US$83,200, define the statistical limits of short-term sensation. Breaks above these thresholds likely form the next stage of market management, indicating whether the impulse is being paid back or in decline.”
GlassNode, Bitcoin on-chain analysis company.
This graph shows three important levels of BTC price in the short term.
If a projection occurs and the BTC exceeds 114,800 USD, The new key price could be 118,000 USDaccording to Bitcoin Market Analyst Willie Woo. He argues that “the strength of the digital asset market remains strong.”
In summary…
Bitcoin’s recent maximum of USD 111,800 Faced with strong resistance Through sales from long-term investors who are making profits. Areas where investors were enthusiastically bought are now a source of sales pressure.
The intense sales activities led by “veteran” investors suggest that the market is at a critical moment. If more buyers appear (for example, if institutional investment continues strongly), it could consolidate a new bullish impulse. Alternatively, if demand cannot absorb supply, you may enter a deeper correction.
The next week will be decisive to determine whether BTC can recover its strength Or, if you are facing the beginning of a more bassist phase, Well, in GlassNode’s case, “the market seems to be at a crossroads, molded by high sales pressures, mature bullish impulses and demands that must prove resistant.”
