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Glassnode Glassnode @glassnode · 44.1K subscribers
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The Week On-Chain, Week 17

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.

Executive Summary

🔹Bitcoin is testing key resistance at the 111DMA ($91.3K) and STH cost basis ($93.2K).
🔹LTHs remain in HODL mode, with accumulation outweighing spending.
🔹If price climbs, LTHs holding +350% unrealized gains may start taking profits.
🔹A dense cluster of coins held near $95K–$98K could trigger break-even selling.

Read the full Week On-Chain report here: glassno.de/44cpjXq
Access all the charts from this edition in a dedicated dashboard: https://glassno.de/3EuWUBC
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