Glassnode experts reported that at the end of June 96.7% of bitcoins brought profit to their owners, which indicates cautious market optimism and at the same time high risk of asset’s volatility.
According to experts, historically, such indicators demonstrate increasing pressure of sales, since the ability to fix the profit increases. The current situation indicates the bull -cha “
“It seems that the market has entered the regime of cautious optimism, with stronger positions of corporate players and the resumption of savings,” Glassnode said.
To support the rally, the market needs to maintain constant demand and interest from investment funds. Analysts drew attention to the rapid drop in sales by short -term holders after bitcoin growth to levels of a historical maximum in May 2025.
This suggests that the current price range is still not attractive enough for a number of investors, according to Glassnode. The market may have to rise or sink to unlock an additional offer and save the bull trend, experts summed up.
Earlier, the head of the Standard Chartered digital assets department, Jeoffrey Kendrick, made a forecast for a change in bitcoin by the end of the year. According to the expert, the first cryptocurrency can reach a new historical maximum.
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Source: Cryptocurrency
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