Long-Term Holders Show Significant On-Chain Activity
- Surge in Holder Spending: Over the past month, long-term holders (LTHs) spent more than 370,000 BTC, averaging over 12,000 BTC per day, indicating that market participants are far more active than net metrics suggest, potentially impacting market liquidity.
- Net Holdings Decline: According to Glassnode, while approximately 226,000 BTC transitioned from short-term to long-term holders, the net LTH supply still declined by about 144,000 BTC, reflecting an underestimation of long-term holder activity in the market.
- Increased Market Volatility: Amid Bitcoin's price drop to near $81,000, the market experienced sharp sell-offs, leading the Crypto Fear & Greed Index to register an extreme fear score of 16, indicating heightened investor anxiety.
- Profit/Loss Ratio Plummets: The 90-day SMA Realized Profit/Loss Ratio has dropped from a peak of 19 in July 2025 to just 1.7 today, signaling a significant shift in market demand and rising investor frustration, which may influence future investment decisions.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36100.923 | 48050.461 | 60370.943 | 72320.481 | 84640.963 | 96590.501 | 108910.983 |
| Fibonacci | 48050.461 | 57321.609 | 63049.334 | 72320.481 | 81591.629 | 87319.354 | 96590.501 |
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