Glassnode wrote critical levels for Bitcoin: "They are waiting to sell"

Recently, while Bitcoin briefly fell below 110,000 dollars, the crypto world is wondering whether potential drops will deepen further.

The intense buying zone is between 93 thousand and 110 thousand...

The on-chain data analysis platform Glassnode has made significant price level determinations in its reports. The analysis company noted that there is a dense cluster of buyers between 93,000 dollars and 110,000 dollars, stating that a bottom has formed in this region since the end of 2024. Glassnode analysts also indicated that if selling pressure intensifies in the upcoming period, a "capitulation risk" could be observed.

"The short-term traders' break-even expectation..."

Glassnode analysts stated that the cost floor has risen for short-term investors and is positioned between 113,600 and 115,600 dollars.

"Bitcoin is trading below the cost basis of short-term investors at $113,600 for 1 month and $115,600 for 3 months. Considering that short-term investors might think the water is just beneath the surface, potential rallies may struggle in these areas. This is because short-term investors following the break-even level may want to sell in these regions."

Published: August 28, 2025 16:43