As Asia opens the Wednesday’s trading day, the Bitcoin
changes hands above $ 105.5k, a slight correction from $ 107k, where it sits on the US business day.
Despite the geopolitical upheaval of the last few weeks – with the US strike in Iran, an event that surprised both geopolitical scholars and Polymarket bettors – BTC has again proven itself to be an elastic value store. CoinDesk market data shows that the class of possession was relatively stable in the last month, up to 1%.
But this return to a price point that looks like inches away from the entire BTC time of $ 111k, which reached it in May, feels more discipline than the euphoric, according to market observers.
Unlike the Breakout of December 2024 above $ 100K, which triggers a wave of income extraction, long-term investors appear to be content to sit in their acquisitions, as Glassnode wrote on their weekly note.
“Hodling appears to be the dominant market mechanic,” Glassnode analysts wrote. The on-chain activity indicates a limited desire to sell, even the BTC trading just below record levels.
Metrics such as adjusted spent output ratio of income (Asopr) This restraint is also reflected, which walks just above Breakeven, according to Glassnode. This indicates that the coins spent are recent acquisitions. Think: Tactical trading instead of extensive distribution.
Meanwhile, glassnode data shows the measure of lifestyle continues to decrease, adopting that old coins remain a dormant.
That patience is met by the ongoing institutional demand, as the QCP wrote in updating the day -to -day market.
Market data indicates $ 2.2 billion in net inflows in the BTC spot ETF took place last week, with the QCP describing the tone as “constructive” and noticed that players such as approach and metaplanet continue to accumulate.
These stable flows quietly reshaping the market structure. The realized cover of Bitcoin, a price measure where the coins last moved, grew to $ 955 billion, which is likely a sign that true capital, not only speculation, is moving in possession.
However, not all are calm under the surface. The QCP notes that long positions are rising, with funding rates that have been positive in the major markets of eternal futures.
Glassnode warns that “the market may need to stir higher, or lower, to unlock additional supply,” suggesting that this balance between long-term convincing and short-term seizure will not hold forever.
To BTC slightly moves after The Senate was approved The ‘Big Beautiful Bill’ of the White House, the market is not as much as a stampede and more like a standoff between long -term holders who refused to sell and short -term entrepreneurs stacked.
That fragile balance has market observers wondering where the next catalyst comes from and if it can make the next BTC move.
Figma holds $ 70m on BTC ETFS: File
Figma software design revealed a $ 70 million position in Bitwise Bitcoin ETF (Bitb) number Part of the IPO filing.
The filing shows that the Board approved a $ 55 million BTC investment in March 2024, which has since appreciated 27%.
A separate can be Greenlit’s resolution of a $ 30 million USDC purchase, which is marked for future converting to BTC that carries the total planned allocation of $ 100 million.
Recently, the conglomerate based in Hong Kong DDC Enterprise announced A $ 528 million capital capital this week, marked to buy 5,000 BTC for three years.
Defi Development Corp. To raise $ 100m to convertible notes, eyes more accumulation
Defi Development Corp., the first public to the US with the Treasury strategy built around Solana
, announced on a Tuesday press release It plans to raise $ 100 million through a private offer of convertible senior notes since 2030.
The offer, made under Rule 144A among the institutional qualified buyers, includes the option for initial consumers to gain up to an additional $ 25 million in records within 13 days of release.
Market Movements:
BTC: Bitcoin holds around $ 106k, with data on-chain from glassnode showing long-term holders.
Eth: The Ethereum faces heavy sales after failing to resist the resistance to $ 2,522, ending a volatile 24-hour session marked by a 4.5% trading range.
Gold: Gold rose more than 1% Tuesday, driven by a weaker dollar and trade uncertainty, with the prices of the area whiping $ 3,357.85 and the future climbs to $ 3,353.80.
S&P 500: US stocks are mixed -Nalang Tuesday while investors rotate in tech, with the S&P 500 slipping 0.11% to close to 6,198.01.
Wherever in Crypto:
- Binance to maintain the way -There are staff in Singapore despite cracker (Bloomberg)
- NY Attorney General Letitia James Warning (The block)
- High in Doge? Cannabis Company makes Dogecoin Treasury Play (Decrypt)
