📊 #BTC #Glassnode Report Highlights:
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--Holding above the psychologically important $100K level indicates investor confidence remains high;

--Elevated prices have triggered increased spending by long-term holders, with the cohort hitting a local peak of over $930M in daily realized profits;

--However, the market’s unique structure persists — despite profit-taking, “maturation pressure” continues to outweigh long-term holder sell flows;

--On-chain metrics suggest volatility expectations remain elevated, with a significant cluster of coins positioned close to the spot price;

--Meanwhile, options traders are pricing in low volatility, potentially underestimating the likelihood of a regime shift in volatility;

--The short-term holder cost basis at $97.6K remains a key support level needed to sustain local bullish momentum;

--On the flip side, the $115.4K zone is emerging as the first major resistance area.