Bitcoin (BTC) strikes to the best ever highest high quality, resulting in a statistical room reaching $130,000 earlier than the historic demand emissions zone. July sixteenth Report By GlassNode.

Bitcoin broke the multi-week vary of $100,000 to $110,000, printing new highs of almost $122,000, clearing dense cost-based clusters that had boughters concentrated between $93,000 and $97,000, between $104,000 and $110,000.

Traders who’ve constructed positions in these bands are locking in potential pullback assist as worth discoveries resume past earlier resistance.

Positioned on prime of heavy value bands

The report investigated the cost-based supply heatmap and located a concentrated acquisition in two decrease zones that Bitcoin cleared. Clearing these provide cabinets usually convert them into assist, as beforehand underwater or flat PNL holders change into defenders of entry prices.

With spots far surpassing each clusters, monitoring draw back absorption on desks will watch if Bitcoin revisits the $104,000-$110,000 band and bids will reappear.

Revenue saturation is constructed

The report additionally assessed the distribution of GlassNode’s cost-salinity distribution, exhibiting spots above the ninety fifth percentile degree and above $107,400. This may profit many of the round provide.

Moreover, the report mentioned that sharp bursts above this percentile in earlier cycles would derive heavier income as traders’ bases earned expanded income, elevated complete value bases and created a extra price-sensitive possession construction.

That dynamic, if repeated on a big scale, can result in the very best situations.

Bitcoin rose to $122,600, then elevated to $115,900 as traders gained power when costs prolonged a number of commonplace deviations than the Brief-Time period Holder (STH) value base.

Historic research of the report present that STH+1 is ceaselessly helpful as a tactical resistance zone within the speculative stage.

The report recognized the next resistance in a STH+2 band that was near $136,000: Merchants who’re specializing in the psychological $130,000 degree are thought of to be intermediate waypoints inside their statistical vary.

Requests fatigue danger

The short-term holder situation is sitting within the early overheating zone. The report measured 95% of STH’s income, measuring commonplace deviations above the long-term common of 88% since early Could 2025 and third breaks.

They concluded that repeated excursions into the overheated revenue realization space have traditionally preceded the fatigue of broader market demand.

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