Glassnode just dropped a sharp insight, and if you’ve been watching BTC’s climb closely, it hits differently.
Bitcoin has broken past a key zone around $120K, with short-term holders now sitting above their average cost basis. Historically, that’s been a meaningful resistance zone during strong uptrends. Their next key level? Around $136K, sitting at +2 SD.
This isn’t just a number game, it’s about understanding momentum maturity.
ETH followed suit last week, and altcoins are still catching up. The entire market feels like it’s running on conviction right now, not hopium.
No signals here. Just tracking structure and sentiment.
Let’s see if Bitcoin’s next chapter is another breakout, or a breather.
