Seasoned Holders Taking Profit Bitcoin hit a new ATH of $111.8k before retracing, as profit-taking by long-term holders began to weigh on momentum. With key support at $103.7k and $95.6k, and signs of older investors offloading, the bulls now face a critical test of their resolve.
BTC Market Pulse: Week 23 BTC’s rally has stalled below $111K, triggering a broad cooldown. Spot signals show fading momentum, derivatives positioning remains cautious, and ETF flows have slowed. On-chain activity and profitability metrics suggest consolidation—not exit—amid a reassessment phase.
Heating Up Strength in the Bitcoin market persists, with the leading digital asset reaching a new ATH of $111k and setting the third fresh ATH of this cycle. This has resulted in a broad uptick in activity across all major segments of the market.
BTC Market Pulse: Week 22 Latest BTC market developments reflect a maturing rally with emerging signs of a transition from moderation to a more heated structure, warranting close monitoring of investor behavior and market liquidity.
Approaching All Time Highs Bitcoin’s strong price performance as of recent has significantly improved investor portfolios, prompting many to de-risk and take profit. This wave of fresh capital inflows has pushed Bitcoin’s Realized Cap to a new all-time high above $900B, a major milestone in the asset’s history.
BTC Market Pulse: Week 21 Bitcoin hit $106K, pushing 97% of supply into profit - entering a high-risk, euphoric zone. ETF and Options markets remain strong, but cooling netflows and weakening Spot and Futures activity highlight slowing demand. A correction looms if fresh capital doesn’t return.
The Altcoin Vector #02 This week's institutional-grade insights into crypto's most volatile frontier. Identify high-conviction setups across altcoin markets with this exclusive weekly report.
Spot Leads, Derivatives Lag Bitcoin’s rally to $104k appears to be driven by strong accumulation in spot and ETF markets, whilst derivatives markets have been playing catch-up. The rally was fueled by a short squeeze, liquidating many leveraged traders who had bet against the move higher.
BTC Market Pulse: Week 20 The market has now entered a high-risk, high-reward structure, with 94% of supply in profit, NUPL nearing euphoric levels, and the Realized Profit/Loss ratio elevated at 2.38. This reflects growing incentives to realize gains.
Gaining Ground Momentum increases for Bitcoin with its price climbing to a high of $97.9k, its highest in over two months. The rebound in price has provided significant financial relief to market participants, with over +3M BTC returning to a state of profit.
BTC Market Pulse: Week 19 While macro sentiment remains constructive, fading speculative momentum and rising unrealized gains point to greater sensitivity to downside risk. Read more in our weekly Market Pulse.
A Structural Reset Bitcoin price momentum is facing its first wave of meaningful resistance, as price attempts to consolidate and break above key technical and on-chain levels. Under the surface, a number of structural resets have occurred across multiple facets of the Bitcoin economy.
BTC Market Pulse: Week 18 Spot demand and ETF participation are materially improving, Hot Capital Share is ticking higher, and profitability metrics have expanded notably. However, daily active addresses remain suppressed, suggesting organic network engagement is still rebuilding.
The Bitcoin Vector #01 Bitcoin maintains a strong bullish structure, supported by zero risk-off signals, rising momentum, and solid on-chain fundamentals.
Coinbase + Glassnode: Charting Crypto Q2 2025 Explore the Q2 2025 Charting Crypto report by Glassnode and Coinbase Institutional. Get data-driven insights on Bitcoin dominance, ETF flows, Solana revenue, and stablecoin growth - key trends shaping institutional crypto strategy this quarter.
Mean Reversion Bitcoin has surged back to $94.7k amid optimism surrounding tariff relief, with the market reclaiming key levels and sparking profit-taking. Short-term holders have taken profits, traders shorted the rally, and ETF inflows hit $1.54B – signalling an important sentiment shift behind the move.
BTC Market Pulse: Week 16 While the recent rebound to $85K improved short-term sentiment, the market remains vulnerable. Liquidity is thin, profitability is subdued, and ETF flows are cautious. Read more in our weekly Market Pulse.
Rethinking Foundations The macroeconomic environment remains uncertain with the restructuring of global trade relations ongoing. In spite of this, the performance of hard assets remains remarkable with Gold surging to a new ATH of $3300 and Bitcoin residing above $80k.
Supply by Investor Behavior: Understanding Who’s Behind the Market Moves Supply Mapping is a new on-chain tool that segments token holders by behavior – like conviction buying, profit-taking, and panic selling – revealing investor psychology and market sentiment shifts across hundreds of assets.
BTC Market Pulse: Week 15 Bitcoin remains in a fragile state. Weak fundamentals, declining profitability, and soft liquidity make the market vulnerable to macro shocks. Yet, resilience around $80k suggests long-term participants are defending this level – a potentially constructive signal.
