New data from the market information company Glassnode reveals that the old Bitcoin (BTC) wakes up, which suggests that the pressure from the sales side can rock the crypto king.
In a new thread on the social media platform X, the crypto analysis platform notes That tens of thousands of tokens came to life in July, which means that early investors can take a profit.
‘[Thursday] Saw a new wave of old coins moving in the chain, with 3,900 BTC older than 10 years active. This follows the 80,000 BTC that moved on July 4, 2025. Such an activity of long -floating delivery often reflects internal redistribution, custodial shifts or in some cases the pressure on the sales side. “
According to Glassnode, the top crypto assets of market capitalization could still be form A “Bottom formation zone” if it doesn’t hold support.
“The sharp rally from $ 110,000 to $ 117,000 has created an air gap on the chain or an accumulation zone with a low density. Since the ATH of $ 122,000 (all time high), the price has kept it above. If the support fails, the history can still evolve to the zones.”
In his weekly on-chain Analytics report, Glassnode detailed How BTC achieves a $ 1 trillion realized market capitalization is a monumental step for the flagship cryptocurrency.
“Recent inflow of capital has the realized cap of Bitcoin for the first time above the $ 1 trillion marking. This is really a monumental milestone for Bitcoin, emphasizing the deep liquidity profile and growing relevance on the macro phase. The larger large Bitcoin can be arranged through the larger Bitcoin.”
The realized market capitalization of Bitcoin calculates the value of each currency for the price that was last handled (on-chain), instead of the current market price. The metric is intended to display the “real” capital inflow in the BTC network.
Bitcoin acts for $ 116,671 at the time of writing, a decrease of 2.1% during the last 24 hours.
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Generated image: midjourney