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Bitcoin's Future Outlook: Limited Upside Pressure Due to Slowing Profit-Taking and On-Chain Transaction Slump, According to Glassnode

2025/06/27 10:30 (Updated 2025/06/28 06:00)
CoinPost
Written by L.Kikutani
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Bitcoin's Future Outlook: Limited Upside Pressure Due to Slowing Profit-Taking and On-Chain Transaction Slump, According to Glassnode

The Future Outlook for Bitcoin

Over the past weekend, geopolitical tensions caused Bitcoin to temporarily drop to the $98,000 range, but it rebounded to $108,000 following news of easing tensions. Blockchain analytics firm Glassnode, in its June 26 'The Week On-chain' report, indicates that Bitcoin has been trading within the $100,000 to $110,000 range since May 8, with market volatility primarily driven by news headlines. (Analysis from Glassnode follows)

According to the Cost Basis Distribution (CBD) heatmap, there is strong support in the $93,000 to $100,000 range...

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Iolite Vol.14

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July 2025 issueReleased on 2025/05/30

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MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.