BTC $79,840.25 +0.20%
ETH $2,493.07 +1.43%
BNB $751.47 -1.85%
XRP $1.41 -0.07%
SOL $106.02 +2.82%
TRX $0.3351 +0.59%
DOGE $0.0893 +1.74%
ADA $0.2188 +1.42%
BCH $258.25 +3.15%
LINK $12.26 +3.46%
HYPE $88.60 +3.39%
AAVE $135.06 +3.62%
SUI $0.7949 -0.38%
XLM $0.1854 +0.63%
ZEC $1,185.17 +16.79%
BTC $79,840.25 +0.20%
ETH $2,493.07 +1.43%
BNB $751.47 -1.85%
XRP $1.41 -0.07%
SOL $106.02 +2.82%
TRX $0.3351 +0.59%
DOGE $0.0893 +1.74%
ADA $0.2188 +1.42%
BCH $258.25 +3.15%
LINK $12.26 +3.46%
HYPE $88.60 +3.39%
AAVE $135.06 +3.62%
SUI $0.7949 -0.38%
XLM $0.1854 +0.63%
ZEC $1,185.17 +16.79%

node

All
Article
Flash

Glassnode: Bitcoin will still be in a range-bound fluctuation, with resistance at $83,000 to $86,000

Glassnode released a report stating that a short squeeze in mid-August drove Bitcoin's rebound, breaking above $80,000 on August 27. However, the price subsequently encountered resistance in the long-term supply zone above and fell back to around $76,000, triggering a series of long liquidations. Currently, there is still a large amount of potential short liquidation positions clustered between $83,000 and $86,000, while the area between $60,000 and $63,000 contains an undigested long liquidation zone, with BTC positioned between the two.On-chain data shows that when Bitcoin traded around $78,000 in May this year, about 65% of the supply was in profit; by the end of August, when it returned to the same price level, that ratio had risen to 68%. The summer redistribution of chips pushed the cost basis of short-term holders to about $71,000, and the same price now would activate more profit-taking chips, increasing potential selling pressure. Considering the overall cost basis and chip distribution, the accumulation support zone is between $62,000 and $65,000, while the concentrated supply zone for long-term holders is between $83,000 and $86,000.The average net inflow of the U.S. Bitcoin spot ETF during the rebound peaked at $290 million per day over seven days, but the daily trading volume in the secondary market remained around $3 billion, significantly lower than during the previous expansion phase. Meanwhile, the yield on U.S. 10-year Treasury bonds briefly fell to 4.6% after the Treasury's repurchase announcement on August 19, but returned to 4.8% in just eight trading days, reaching a new high for this cycle, indicating that sovereign debt pressure is still affecting market valuations. In the options market, short-term optimism has cooled, while long-term options demand remains. The open interest for Deribit and IBIT options expiring on September 25 is about $14 billion, with a large number of positions concentrated above $80,000, which may become important volatility and position anchor points in the coming weeks. Before the supply above $83,000 to $86,000 is digested, BTC will continue to maintain range-bound fluctuations, with $62,000 to $65,000 being the main downward reference area.

LeapNode receives investment from DraperDragon, laying out the Web3×AI infrastructure track

Recently, the AI computing power Token aggregation trading platform leapnode.net announced that it has received investment from the well-known cryptocurrency investment institution DraperDragon. This investment marks a strategic consensus between the two parties in the integration of AI and Web3, aiming to consolidate ecological resources, seize the wave of AI Agent development, and explore the new generation of AI-Web3 infrastructure market, fully reflecting the capital market's recognition of the opportunities and potential of this sector.LeapNode believes that the computing power Token aggregation trading platform for AI is equivalent to trading platforms for Web3. The platform first connects to over 200 cutting-edge AI models through a single API Key, with pricing at 10-30% of the official rates, service availability at 99.9%, and new models quickly launched within 48 hours. To lower the usage threshold, LeapNode has launched ready-to-use Web3 smart assistants and the Mystery Calculation Master, which have received numerous positive reviews, and introduced computing power boxes to allow users to participate in sharing platform profits. The project's vision is to connect models with user Agents and extend the A2A economy, providing support for autonomous payment settlement for AI agents and creating a core settlement layer for the AI Agent ecosystem.
app_icon
ChainCatcher Building the Web3 world with innovations.