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ETH $2,306.19 -0.02%
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AAVE $92.68 +0.05%
SUI $0.9237 -0.02%
XLM $0.1602 -0.58%
ZEC $376.85 -2.12%
BTC $78,417.06 -0.02%
ETH $2,306.19 -0.02%
BNB $618.21 -0.24%
XRP $1.39 -0.13%
SOL $84.01 -0.15%
TRX $0.3313 +1.49%
DOGE $0.1086 -0.26%
ADA $0.2498 +0.03%
BCH $446.22 -1.52%
LINK $9.14 -0.73%
HYPE $41.46 +1.40%
AAVE $92.68 +0.05%
SUI $0.9237 -0.02%
XLM $0.1602 -0.58%
ZEC $376.85 -2.12%

Glassnode: On-chain data shows that Bitcoin is forming a low-density accumulation zone in the range of $111,000 to $117,000, or is in the process of bottoming out

2025-07-24 21:58:32
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ChainCatcher news, Glassnode posted on social media that BTC rapidly rose from $110,000 to $117,000, forming an "air layer" or low-density accumulation zone on-chain.

Since Bitcoin reached its historical high of $122,600, the price has remained above this range. If this support is lost, history shows that such gaps may still evolve into bottom formation zones.

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