Ancient Bitcoin (BTC) Springing to Life, Signaling Potential Sell-Side Pressure: Crypto Analytics Firm

New information from the market data firm Glassnode reveals that the previous Bitcoin (BTC) wakes up, which means that the stress from the gross sales facet can rock the crypto king.

In a brand new thread on the social media platform X, the crypto evaluation platform notes That tens of 1000’s of tokens got here to life in July, which implies that early buyers can take a revenue.

‘[Thursday] Noticed a brand new wave of previous cash shifting within the chain, with 3,900 BTC older than 10 years lively. This follows the 80,000 BTC that moved on July 4, 2025. Such an exercise of lengthy -floating supply typically displays inner redistribution, custodial shifts or in some circumstances the stress on the gross sales facet. “

In keeping with Glassnode, the highest crypto property of market capitalization might nonetheless be form A “Backside formation zone” if it would not maintain help.

“The sharp rally from $ 110,000 to $ 117,000 has created an air hole on the chain or an accumulation zone with a low density. For the reason that ATH of $ 122,000 (all time excessive), the value has saved it above. If the help fails, the historical past can nonetheless 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.

“Latest influx of capital has the realized cap of Bitcoin for the primary time above the $ 1 trillion marking. That is actually a monumental milestone for Bitcoin, emphasizing the deep liquidity profile and rising relevance on the macro section. The bigger giant Bitcoin may be organized by means of the bigger Bitcoin.”

The realized market capitalization of Bitcoin calculates the worth of every forex for the value that was final dealt with (on-chain), as a substitute of the present market worth. The metric is meant to show the “actual” capital influx within the BTC community.

Bitcoin acts for $ 116,671 on the time of writing, a lower of two.1% over the past 24 hours.

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