{"id":24999,"date":"2025-06-27T21:23:00","date_gmt":"2025-06-27T18:23:00","guid":{"rendered":"https:\/\/forklog.com\/en\/glassnode-analysts-highlight-signs-of-bitcoin-market-fatigue\/"},"modified":"2025-06-27T21:23:00","modified_gmt":"2025-06-27T18:23:00","slug":"glassnode-analysts-highlight-signs-of-bitcoin-market-fatigue","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/glassnode-analysts-highlight-signs-of-bitcoin-market-fatigue\/","title":{"rendered":"Glassnode Analysts Highlight Signs of Bitcoin Market Fatigue"},"content":{"rendered":"

Since May, Bitcoin has remained in a consolidation zone, but without a resurgence in demand, new highs in the near term appear unlikely. This view was presented<\/a> by Glassnode.<\/p>\n

On June 22, the leading cryptocurrency failed to hold the $99,000 level<\/a> amid escalating conflict in the Middle East. Within two days, prices recovered<\/a> following reports of de-escalation, returning to the consolidation range of $100,000-$110,000, where they have been since May.<\/p>\n

According to analysts, Bitcoin found support at the upper boundary of the $93,000-$100,000 corridor. This zone was marked by significant accumulation of the asset in the first quarter of 2025.<\/p>\n

\"woc-25-01\"
Short-term holder cost basis model. Data: Glassnode.<\/figcaption><\/figure>\n
\n

\u201cAs long as the price holds above this range, the bull market structure remains intact,\u201d noted Glassnode.<\/p>\n<\/blockquote>\n

However, a break below the corridor could trigger a deeper correction, analysts warned.<\/p>\n

Realized profit in this cycle has already exceeded $650 billion compared to $550 billion during the 2020-2022 period, but its realization has now slowed.<\/p>\n

\"woc-25-04-1\"
Trends in realized profit during bull markets. Data: Glassnode.<\/figcaption><\/figure>\n

The volume of on-chain transfers has decreased by 32% since the end of May, indicating a decline in investor activity.<\/p>\n

According to analysts, recent price movements were solely driven by news headlines. Even reaching a historic high above $111,000<\/a> was not accompanied by a noticeable surge in spot trading volumes, unlike previous ATHs<\/span>.<\/p>\n

\"woc-25-06-2\"
Spot trading volumes. Data: Glassnode.<\/figcaption><\/figure>\n

The futures market remains relatively active, but open interest has decreased by 7%, and liquidation volumes have increased in both directions, experts noted. Meanwhile, funding rates are declining, indicating a reduced appetite for long positions and leverage.<\/p>\n

According to Glassnode experts, these trends indicate growing market fatigue.\u00a0\u00a0\u00a0<\/p>\n

\n

\u201cWithout a revival in demand and conviction, the chances of breaking to new highs in the short term seem limited,\u201d they concluded.<\/p>\n<\/blockquote>\n

Earlier, technical analysts pointed to patterns suggesting Bitcoin could rise above $120,000<\/a> this summer.<\/p>\n

CryptoQuant presented a \u201cconservative\u201d price forecast for the leading cryptocurrency, predicting it will reach $160,000<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Since May, Bitcoin has remained in a consolidation zone, but without a resurgence in demand, new highs in the near term appear unlikely. This view was presented by Glassnode. On June 22, the leading cryptocurrency failed to hold the $99,000 level amid escalating conflict in the Middle East. Within two days, prices recovered following reports […]<\/p>\n","protected":false},"author":1,"featured_media":24998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1273,1145,1138],"class_list":["post-24999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-glassnode","tag-market-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=24999"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/24998"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=24999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=24999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=24999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}