Glassnode: Bitcoin is currently in a post-ATH adjustment phase, with no sufficient evidence to suggest a forming trend of structural fund outflow
BlockBeats News, August 7th, Glassnode referenced data in its latest Crypto Week in Review report indicating that from a macro perspective, Bitcoin's current price is above the Short-Term Holder (STH) Cost Basis ($106,000), putting it in a "mild but not overheated" range. This structure aligns with typical bull market characteristics, as the STH Cost Basis has always been a key threshold to distinguish short-term bull/bear trends.
Glassnode believes that the market has now entered a post-historic high correction phase, where key level contention will determine the future trend. Investor behavior indicators show that the market is currently in a relatively balanced state—multiple metrics based on Short-Term Holders (STH) still align with typical bull market trends. Although Bitcoin ETFs have experienced significant outflows, these outflows have been short-term events so far, with insufficient evidence to indicate a forming trend of structural fund outflows.
The current support below is at the previous cycle's all-time high of $110,000, with resistance above at the recent accumulation zone base of $116,000.
You may also like

Nasdaq Enters Correction Territory | Rewire News Morning Brief

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox

One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?

Bittensor vs. Virtuals: Two Distinct AI Flywheel Mechanisms

Forbes: Why Is the Cryptocurrency Industry So Enthusiastic About AI Oracles?

Ethereum Foundation publishes: Restructuring the division of labor between L1 and L2, jointly building the ultimate Ethereum ecosystem

Morning Report | Startale completes $63 million Series A financing; STS Digital launches structured cryptocurrency platform; Polymarket will charge a taker fee on almost all trading categories

The most important thing in Web3 primary market investment

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution

Musk Poached Aave App's Web3 Prodigy

The Petro Order is Cracking. What Comes Next for the Middle East?

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy

What will the early Hyperliquid prediction market look like?

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle

