When Asia opens on Wednesday’s trading day, Bitcoin
The extra correction amount from $105.5k sold for over $107,000, sat down on weekdays in the US.
Despite the geopolitical turmoil over the past few weeks – the U.S. strike against Iran, the incident has led geopolitical scholars and Duoju Market Casino – BTC proves itself once again as a flexible storage of value. Coindesk market data showed that the asset class was quite stable last month, up 1%.
However, this price is more disciplined than euphoric discipline, according to market observers.
Unlike the December 2024 grouping of more than $100,000, this triggered a wave of profitability, and long-term investors now seem content with their gains, as Glassnode wrote in its weekly notes.
“Hodling seems to be the main market mechanic,” Glass Festival analysts wroteciting long-term holders’ supply surged to 14.7 million BTC and lowered profits with historically reduced. Activity on the chain shows limited desire to sell, even if BTC transactions are slightly below record levels.
Indicators such as adjusted output margin (ASOPR) According to GlassNode, this constraint can also be reflected, hovering above the breakeven. This indicates that the coins spent were the most recent acquisition. Think: Tactical transactions rather than broad distribution.
Meanwhile, glass section data showed that the activity metric continued to decline, enhancing the older coins to hibernate.
As QCP writes in the Daily Market Update, this patience is meeting ongoing institutional needs.
Market data indication A net inflow of $2.2 billion in BTC spot ETF last week, QCP described the tone as “constructive” and noted that players such as strategy and Metaplanet continue to accumulate.
These stable inflows are quietly reshaping the market. The cap that Bitcoin achieves is a measure of the price of the coin last migrated, which has grown to $955 billion, which is likely to indicate that real capital, not just speculation, is investing in assets.
Nevertheless, not everything is calm under the surface. The QCP notes that taking advantage of longer positions has been rising and the capital rate has become positive in the main eternal futures market.
“The market may need higher or lower supply to unlock additional supply,” GlassNode warned, suggesting that this balance between long-term conviction and short-term leverage will not exist forever.
BTC has almost no movement Senate approval The White House’s “large bill” feels less like a trampler than a standoff between a refusal to sell and a long-term holder of short-term traders.
That fragile balance makes market observers wonder where the next catalyst will come from and whether it can make BTC explode next.
Figma holds $70 million in BTC ETF: Filing
Design software company Figma has disclosed $70 million in jobs in Bitcoin ETF (BITB) As Part of its IPO filing.
The document shows that the board of directors approved a $55 million investment in BTC in March 2024, and has since praised it.
Another separate possible green price purchased $30 million in purchases and specified future conversion to BTC, increasing the total allocation of the total plan to $100 million.
Recently, Hong Kong-based food groups DDC Enterprise announced This week, $528 million in capital raised, designated to purchase 5,000 BTC within three years.
Defi Development Corp. Raises $100 million in convertible notes, Eyes More SOL Accumulation
Defi Development Corp. is the first publicly traded U.S. company that has established inventory strategies around Solana
,,,,, Announced in a press release on Tuesday It plans to raise $100 million through the private issuance of convertible premium notes for 2030.
Products made to qualified institutional buyers under Rule 144A include the option of the first purchaser to acquire an additional $25 million in notes within 13 days of issuance.
Market changes:
BTC: Bitcoin holds about $10,000, and data on the on-chain of Glass Festival shows that long-term holders are largely unmoved.
ETH: Ethereum faced huge sales after failing to break the resistance at $2,522, ending a 24-hour volatility of 24 hours with a trading range of 4.5%.
Gold: Gold rose more than 1% on Tuesday, driven by weakness in the dollar and global trade uncertainty, with spot prices reaching $3,357.85 and futures climbing to $3,353.80.
S&P 500: The S&P 500 fell 0.11% to close at 6,198.01 on Tuesday as investors rotated from technology.
Encryption elsewhere:
- Despite the suppression (Bloomberg)
- New York Attorney General Letitia James warns stability bill puts Americans at risk, urging stronger oversight (piece)
- High position? Cannabis company makes Dogecoin Treasury play (Decryption)
