First Major Barrier: The $93,000–$96,000 Range

Glassnode’s newly published Cost Basis Heatmap highlights the $93,000–$96,000 band as Bitcoin’s most significant pressure zone. The primary reason this level is critical is that roughly 500,000 BTC have a cost basis within this range. In other words, thousands of investors are positioned here, creating a concentrated sell zone.

According to analysts, Bitcoin must break this region with strong volume and a sustained move to signal a renewed upward trend. Otherwise, the price may repeatedly face heavy resistance at each test of this level.

If the $93,000–$96,000 region is broken, Bitcoin’s next major challenge will be the $100,000–$108,000 range. Glassnode notes that this zone also contains dense cost clusters and will serve as a crucial test. For BTC to achieve durable price discovery and move into a new all-time high, analysts say the $108,000 level must be cleanly surpassed.

Statement from Glassnode

In their assessment, Glassnode analysts highlight that the current price structure is surrounded by strong resistance zones and state:

“It is difficult to speak of a trend reversal without a break above the $93,000–$96,000 band. If this level is exceeded, the $100,000–$108,000 range emerges as the second major resistance. Both zones contain dense cost clusters and represent significant tests for the market.”

This illustrates the short-term pressure Bitcoin is likely to face and clearly outlines its potential movement range. Since hundreds of thousands of BTC have cost bases in these zones, the likelihood of strong selling reactions is elevated. At the time of writing, Bitcoin is trading near $92,000. How close BTC moves toward the first resistance zone — and how it behaves in terms of volume — will be crucial in determining market direction.

Assessment

The levels highlighted by Glassnode provide a critical roadmap for Bitcoin’s short- and mid-term price structure. A sustained breakout above $93,000–$96,000 is viewed as the most important signal that the market has regained strong bullish momentum. Such a move could boost investor confidence and increase buying interest across both spot and derivatives markets.

Meanwhile, a clean breakout above $108,000 could open the door for Bitcoin to surpass its previous all-time high and enter a fresh price discovery phase. Analysts believe that successfully clearing both resistance zones could propel BTC toward the long-awaited new peak scenario.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Two Critical Resistance Levels for a Bitcoin Peak: Pay Attention to These Levels! appeared first on Coin Engineer.

Whale Activity and Market Dynamics

This week, a notable whale transaction drew attention after 2,400 BTC was transferred to Kraken, suggesting potential selling pressure. Data from Arkham indicates that this movement aligns with a broader uptick in whale outflows over recent weeks.

Glassnode analysts emphasize that these actions should not be misunderstood as “OG whales dumping.” Their metrics show that the monthly average spent by long-term holders has climbed from around 12,000 BTC per day in early July to nearly 26,000 BTC as of this week. Such a shift points to a steady, structured distribution pattern. According to Glassnode, this is not panic-driven selling but rather a normal phase of late-cycle profit realization.

Is Bitcoin Approaching a Market Top?

Vincent Liu, Chief Investment Officer at Kronos Research, argues that whale selling today reflects organized capital rotation rather than distress. In his view, cooling momentum does not necessarily imply that Bitcoin has hit a peak. As long as market liquidity remains resilient and fresh buyers continue to absorb supply, the uptrend could remain intact.

Liu also notes that Bitcoin’s net unrealized profit ratio, currently around 0.476, may indicate that a short-term bottom is taking shape. However, he warns that this metric alone cannot confirm a definitive reversal.

Historical Patterns and Structural Shifts

Charlie Sherry of BTC Markets adds that whale selling typically gains significance only when accompanied by weak buy-side support — a factor that may be relevant in the current environment. Even so, he believes it is too soon to determine whether the market has truly reached a cycle top.

Historically, Bitcoin peaks have occurred roughly four years apart. The highs of 2017 and 2021 support this pattern, and the most recent all-time high on October 6, 2025 — emerging 1,050 days after the previous bottom — fits within this timeline. Still, Sherry cautions against relying too heavily on this model. With the rise of ETFs, institutional involvement, and shifting global liquidity conditions, Bitcoin’s traditional four-year rhythm may be evolving.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Glassnode: Bitcoin Whales Are Selling — But It’s No Mass Exodus appeared first on Coin Engineer.

$93K – $110K: A Strong Accumulation Zone for Bitcoin

According to Glassnode, since Bitcoin surpassed the $100,000 milestone for the first time in December 2024, a clear accumulation range has emerged between $93,000 and $110,000. This zone has become home to a strong cluster of buyers, serving as a market foundation for months.

However, analysts caution that if selling pressure intensifies, the market could face a capitulation risk—a scenario where a wave of selling drives the price down more sharply.

Rising Cost Basis for Short-Term Bitcoin Holders

Glassnode data also points to a rising cost basis for short-term holders, highlighting the pressure this group currently faces. Specifically:

• 1-month holders’ cost basis: $113,600

• 3-month holders’ cost basis: $115,600

With Bitcoin trading below both of these thresholds, many short-term investors are effectively sitting just below break-even. This dynamic could create strong selling pressure if prices approach those levels again.

Break-Even Selling Pressure Ahead

Analysts at Glassnode emphasize that short-term investors are psychologically “underwater.” This means that any rally pushing Bitcoin closer to their cost basis could trigger profit-taking or break-even selling, making it harder for BTC to sustain momentum above the $113K–$115K range.

In practical terms, the market may face resistance at these levels, as investors who have been waiting to recover losses could view them as an opportunity to exit positions.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets carry significant risk, and you should always conduct your own research before making investment decisions.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Glassnode Highlights Critical Bitcoin Levels: What Could Happen Next? appeared first on Coin Engineer.

Is the Bitcoin Cycle Still Alive?

While many analysts argue that growing institutional participation could end the classic halving cycle, Glassnode takes a different stance. According to the firm, Bitcoin’s current trajectory continues to show strong similarities to historical cycles.

Glassnode highlights that the latest 55-day period resembles earlier “euphoric phases,” which may indicate that the market is already in the later stages of its current cycle.

Weakening Demand and ETF Outflows

The report also points to signs of fading demand. Spot Bitcoin ETF products have recorded nearly $975 million in outflows over the past four trading sessions.

After hitting a fresh high of $124,128 on August 14, Bitcoin corrected by 8.3%, trading around $113,940. As demand cools, traders appear to be shifting toward riskier altcoin positions. Open interest briefly hit a record $60 billion before correcting by $2.5 billion.

Could the Next Peak Come in October?

If Bitcoin continues to follow its historical path, Glassnode believes a new market peak could arrive as early as October. In previous cycles, particularly in 2018 and 2022, cycle tops occurred just 2–3 months after cycle lows.

Crypto analyst Rekt Capital also noted in July that if the current cycle follows the 2020 pattern, the market could reach its peak in October — roughly 550 days after the April 2024 halving.

Contrasting Views: Is the Cycle Over?

Not everyone agrees with Glassnode’s perspective. Some argue that large-scale BTC accumulation by public companies and strong ETF demand could disrupt the traditional 4-year rhythm.

Investor Jason Williams pointed out that the top 100 corporate treasuries now hold nearly 1 million Bitcoin, suggesting this cycle may unfold differently. Similarly, Bitwise CIO Matt Hougan declared that the “Bitcoin cycle is dead,” predicting the next major rally might not arrive until 2026.

You can present your thoughts as comments about the topic. Moreover, you can follow us onTelegram, Twitter, and YouTube channels for the kind of news

The post Glassnode: Bitcoin 4-Year Cycle Might Still Be Intact appeared first on Coin Engineer.

21Shares has announced that it will initiate a 3-for-1 stock split of its flagship Bitcoin ETF, ARKB, on June 16. The move aims to reduce the per-share price and attract a broader base of retail investors.

Lower Price, Wider Access

The share split will not affect the ETF’s investment strategy or the amount of Bitcoin it holds. Its total net asset value will also remain unchanged. The split means each share will be divided into three, lowering the per-share price without altering the total value of an investor’s holdings.

As of June 2, ARKB shares closed at $104.25. After the split, the price per share is expected to be just under $35.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Share splits are commonly used to enhance accessibility and trading efficiency, particularly when high prices might deter new investors from entering the market.

ARKB Faces Outflows But Still Holds Strong Position

Despite the stock split announcement, ARKB has recently seen six consecutive trading days of net outflows totaling $430 million. On June 2 alone, $74 million exited the fund, according to CoinGlass.

However, the ETF still holds its ground as the third-largest spot Bitcoin ETF in the U.S., with $2.37 billion in aggregate inflows. With $4.8 billion in assets under management and a year-to-date return of 7.35%, ARKB remains a significant player.

This strategic move could reinvigorate retail investor interest and reposition the fund for more active trading in the coming months.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post ARK 21Shares Bitcoin ETF Splits Shares To Woo Retail Investors appeared first on Coin Engineer.

Bitcoin Price and Transaction Fees Rise 

Bitcoin’s price hit $105,600 on May 12 before reaching $106,000 on Sunday. However, it soon dropped to $104,500. Despite this, transaction fees continue to climb. The Block’s seven-day moving average data shows fees have reached $2.40. Additionally, Bitcoin’s market dominance has recovered after a decline two weeks ago, indicating a liquidity-driven fluctuation. Dominance peaked at 64.4% on May 8 but fell to 61% by May 19. This coincided with Ethereum (ETH) increasing its market dominance to 9.75% and altcoins rising to 22.35%. Stablecoins’ total market dominance dropped to 6.3%. 

Transaction Count Drops While Supply Tightens 

Despite rising fees, the daily transaction count is declining. The average transaction count, which was 507,000 in April, dropped 35% to 330,000. According to Glassnode data, Bitcoin’s illiquid supply—a measure of BTC held in wallets with minimal spending activity—is increasing. Exchange supply is decreasing, and this metric recently hit a new all-time high. This could create a supply shock if demand rises. 

***NOT INVESTMENT ADVICE*** 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Transaction Fees Hit 2025 Peak!  appeared first on Coin Engineer.

IBIT Leads BTC ETF Inflows  

According to Farside Investors, U.S. Bitcoin ETFs saw $319 million in inflows on Wednesday, with IBIT leading at $223 million. Fidelity’s FBTC and Grayscale’s mini Bitcoin ETF (BTC) each contributed $35 million. Since mid-April, IBIT has dominated U.S. Bitcoin ETF inflows, setting the stage for a new peak as Bitcoin trades around $103,000.  

Long-Term BTC Investor Cost Basis Rises  

Glassnode reports that BTC Long-Term Holder (LTH) realized price has climbed to $45,340, indicating coins bought between $90,000-$100,000 are transitioning to long-term status. The rising cost basis highlights investor maturity. Analyst Miles Deutscher noted the current rally is driven by spot buying, with giants like BlackRock Bitcoin ETF contributing significantly.  

BTC is currently trading at $102,388, up 1.2%. However, daily trading volume dropped 10% to $44.5 billion. Analyst Ali Martinez suggests a potential pullback to $100,000, with the Relative Strength Index (RSI) signaling overbought conditions. Meanwhile, analyst Captan Faibik identified a rising triangle pattern on the hourly chart, suggesting BTC could test the $104,900 resistance. Breaking this level could lead to new all-time highs.  

BlackRock Bitcoin ETF’s leadership underscores how institutional demand is powering the rally. IBIT’s 628,000 BTC in assets reflects strong investor confidence. If BTC breaks the $104,900 resistance, it could reach an all-time high. Investors are closely monitoring these developments.  

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post BlackRock Bitcoin ETF Hits Record Assets: 628,000 BTC   appeared first on Coin Engineer.

Bitcoin Miners Shift to Accumulation 

In April, when Bitcoin dropped to $75,000, miners changed their behavior. According to Glassnode, BTC in miner wallets rose from 1,794,622 on April 12 to 1,797,330 by May 13—a 0.15% increase. Though small, this shift signals the end of the selling trend that began in late 2023. Institutional buying is also outpacing miners’ daily BTC production, supporting upward price movement. 

Miners’ accumulation is boosting market confidence. Glassnode data confirms the 2,700 BTC increase in miner wallets, potentially marking the end of the 2023 selling trend. The Hash Ribbons indicator further supports a strong buy signal. Following its March signal, BTC rose 20%. 

Additionally, Bitcoin miners are undergoing a transformation shaped by energy costs and regulations. In the U.S., Trump-backed American Bitcoin plans to go public through a merger with Hut 8. Ethiopia, with state-backed mining, holds 2.5% of the global hashrate. However, Kuwait has imposed restrictions on mining due to energy concerns. As a result, miners are turning to renewable energy and exploring new markets. 

Hash Ribbons Signals Strong Buy 

Hash Ribbons, a reliable indicator of miner behavior developed by Capriole Investments, uses two moving averages of hashrate. Since its “buy” signal in late March, BTC/USD has gained 20%. Crypto investor Mister Crypto predicts further price increases in May, noting the signal’s continuation. Hash Ribbons identifies miner capitulation periods, offering market entry opportunities. 

Miners have stopped selling.

Extremely bullish for Bitcoin! pic.twitter.com/bLuCM5GMgL

— Mister Crypto (@misterrcrypto) May 14, 2025

In conclusion, miners’ accumulation and the positive Hash Ribbons signal paint a bullish picture for Bitcoin. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Miners Halt Sales: BTC Surges 20%  appeared first on Coin Engineer.

According to Farside Investors, no movement was observed in any Ethereum ETFs, including major funds like BlackRock’s ETHA ETF and Grayscale’s ETHE. The total net asset value of Ethereum ETFs stood at $6.308 billion, with a market value ratio of 2.89%. In contrast, the $425.5 million net inflows into Bitcoin ETFs on the same day highlighted Ethereum’s stagnation. Analysts believe innovations like SEC approval for staking could break this lull. 

Which Funds Stood Out in Bitcoin ETF Net Inflows? 

BlackRock’s IBIT ETF outshone competitors with $531.2 million in inflows. However, Fidelity’s FBTC ETF saw $57.8 million in outflows, Bitwise’s BITB lost $22.7 million, and Grayscale’s GBTC recorded $16.4 million in outflows. Additionally, ARKB lost $6.1 million, and EZBC saw $2.7 million in outflows. These movements indicate a selective approach by investors. Glassnode’s data confirmed a 12,000 BTC exchange inflow, signaling active participation by major players. 

Trading volumes for BTC/USD and BTC/USDT pairs on Binance and Coinbase surged by $1.2 billion. Institutional buying clearly supported prices. Moreover, the Bitcoin ETF net inflow trend is fostering optimism in the market. Analysts predict that IBIT’s leadership will continue, with other funds potentially recovering. Investors can monitor ETF flows to anticipate short-term price movements. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin ETF Breaks Record in Net Inflows! Here Are the Details appeared first on Coin Engineer.

Saylor’s brief and powerful message was “Stay Humble. Stack Sats.”, fueling speculation that Strategy is preparing for another massive Bitcoin purchase.

Popular blockchain analyst RunnerXBT speculated that the upcoming investment might range between 1.4 to 1.6 billion dollars, nearly three times larger than the previous acquisition.

Strategy and Whales Are Stacking Bitcoin

According to data, Strategy is currently the world’s largest corporate holder of Bitcoin, owning over 538,200 BTC valued at more than 50.5 billion dollars.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Meanwhile, Japanese investment firm Metaplanet has surpassed 5,000 BTC holdings, aiming to lead Bitcoin adoption in Asia.

Glassnode data shows that whale wallets holding at least 1 million dollars worth of BTC have increased from 124,000 on April 7 to over 137,600 on April 26. This aggressive accumulation helped Bitcoin recover above the 94,000$ mark.

Nexo analyst Iliya Kalchev highlighted that wallets holding over 10,000 BTC have been aggressively accumulating, with a trend score of 0.90.

Bitcoin ETFs Record 3 Billion Dollar Inflows

Another major factor supporting Bitcoin’s rally is the strong inflow into Bitcoin ETFs. U.S. spot Bitcoin ETFs recorded over 3 billion dollars in net inflows last week, marking the second-highest weekly inflow since their launch.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Michael Saylor Hints at New Bitcoin Purchase! appeared first on Coin Engineer.