Key points:
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Bitcoin’s short-term holders—those brave souls holding for less than 155 days, or maybe just impatient—are the main support pillars. But wait! There’s a tiny little gap between $110,000 and $115,000. Hmm…
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Glassnode, the crypto oracle, says that price might just take a leap to “fill” that gap — like a stubborn child ignoring the empty cookie jar.
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Profit-takers among the short-term crowd are probably going to pull the parachute around $140,000 if Bitcoin dares to breakout—because who doesn’t love a good profit slip?
Bitcoin (BTC) might soon face a “critical” support test, pulling it down to a cool $110,000, according to some fancy research. Yawn… or thrill? You decide.
Glassnode: Bitcoin cost basis gap has “gravity” — Yes, real gravity, not just crypto gravity, or maybe a bit of both.
Short-term holders—those lovable investors holding for just a handful of days—are apparently the guards at the gates of Bitcoin’s next move. According to Glassnode, they could be the ones nudging the price down, possibly by 7%, back to a cozy $110K. Just in time for tea?
These investors, who bought Bitcoin at a price called the “cost basis,” often act like the whales supporting the market in boisterous bull times.
When BTC shot up from $110K to $115K this month, there wasn’t much time for anyone to buy—probably too busy arguing over whether to buy or sell. Classic FOMO… or FUD?
Glassnode notes that lots of investors bought Bitcoin between $117K and $122K, creating a hefty “human wall” of support at those lofty levels. Meanwhile, beneath that, a wide “air-gap” from $115K to $110K sits empty, just like your favorite snacks on a diet.
“This gap is a like a tiny gravity well — not everyone needs to fill it, but the market might want to check if support appears before falling in. Keep an eye on this zone; it’s the hot spot for drama if prices wobble.”
In crypto land, gaps tend to get filled, just like your old sock drawer—so don’t be surprised if Bitcoin makes a graceful jump to fill this void, much like a cat jumping onto the counter when no one’s looking.
Glassnode is essentially warning us: “Hey, if price drops, this is the area to watch — it’s like the last slice of pizza you really want.”
The Profit Plateau: Targets and Resistance — Or the “HODL or Sell?” Dilemma
This cost basis thing isn’t just nerdy wallet talk; it’s a ladder of future support levels—think of it as the gemstone staircase supporting Bitcoin’s next dance.
Plus, these levels hint at where short-term holders might finally decide to cash out—because who doesn’t love a good profit party?
According to Glassnode, if Bitcoin gets hot enough to hit the discovery zone, a jaw-dropping $140K could be the top of the line—kind of like the peak of a roller coaster before the big drop. And if it pushes past that? Well, brace yourself for the resistance around $141K, where sell-off vibes will kick in faster than you can say “profit-taking.”
In short, it’s a game of support and resistance—like an emotional tug-of-war, but with more charts and fewer tears. Buckle up!
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2025-07-30 12:33