GlassNode sees “attractive signs” of Bitcoin and Gold

The latest report published by GlassNode (An-Chain Data Analysis Company) offers a positive look for Bitcoin’s behavior (BTC) despite a historic fall from up to $109,000 (USD).

The global macroeconomic environment continues to be uncertain due to global changes in import rates. This has created significant volatility in the financial markets, the company says.

Despite this, “hard assets performance remains prominent,” highlighting gold rising to a new historic maximum of USD 3,300 per ounce, with Bitcoin resisting more than USD 80,000. GlassNode says, “We can think of the foundations of the financial system as an attractive signal when we enter a period of transition and change.”

Unlike gold, the price of Bitcoin retreated in this context, but it shows solidity They face other types of assets, such as US behavior.

In particular, BTC retreated last week at a price seen just five months ago. This is the biggest fix in the current cycle, but GlassNode highlights it It’s within the typical limits that are found in bulliesthe following graph is checked.

Meanwhile, the price of the S&P 500 (SPX), the index of main 500 US actions, fell to more than 20% from its past maximum registered two months ago. This is usually an amendment that precedes a bearish cycle in the stock market.

According to GlassNode, this Shows a more resistant demand profile in the Bitcoin market.

Bitcoin long-term investors are still

GlassNode shows that “Bitcoin investors are subject to considerable pressure” in any case. They are currently facing the biggest unrealized losses in history. This can be seen in the graph shown below. It is necessary to clarify that unrealized holdings are those maintained and sold without being sold.

Nevertheless, Most of these losses are concentrated among new market participantswho bought Bitcoin 155 days ago. Instead, those who have previously acquired continue to benefit generally as shown by the following graph:

In other words, the analytics firm that says “mature and experienced investors are not shaking due to ongoing economic tensions,” despite the disadvantageous environment of “they are in a nearly one-sided profitable position.”

meanwhile, Bitcoin losses and profits are relatively balancedAccording to the graph of its volatility on display. “We can argue that this reflects the saturation of investor activity within the current price range,” GlassNode says.

Usually this behavior As the market tries to find a new balance, it moves into the integration periodWe will explain about GlassNode. If this pattern continues, the price of Bitcoin may remain on the left and right.

Markets are still expected from commercial wars

US President Donald Trump has established a 90-day suspension to import tariffs that have placed large countries, except for China. Given this, both Bitcoin and US bags reacted with rebounds, recovering part of the fall with recession fears and fee rollouts that create greater inflation.

In this context, There is growing uncertainty about whether the country will reach a commercial agreement that will calm the waters of its markets Or, if you fail, the tariff war rises again. Therefore, as reported by Cryptonotics, the operator’s eyes still look forward to how negotiations progress.