While Asia opens on Wednesday negotiation day, Bitcoin
Change hands above $ 105.5,000, a slight correction of $ 107,000, where it was seated during the American working day.
Despite the geopolitical upheavals of the past few weeks – with the American strike on Iran, an event that surprised both geopolitical scholars and Polymarket – BTC bettors once again proven as a store of resilient value. Coindesk market data show that the asset class was quite stable in the last month, up 1%.
But this return to a price which seems a few centimeters from the summit of all BTC time of $ 111,000, which he struck in May, feels more disciplined than the euphoric, according to market observers.
Unlike the break in December 2024 above $ 100,000, which sparked a wave of long-term investors to profit, long-term, now seem satisfied to sit on their earnings, as Glassnode wrote in their weekly note.
“The taste seems to be the dominant market mechanic,” wrote Glassnod analysts, citing an increase in long -term holder supply to 14.7 million BTC and historically low profits. The chain activity indicates a limited desire to sell, even if the BTC is negotiated just below record levels.
Measures such as the adjusted production profit report (Asopr) Also reflect this reservoir, hovering just above the profitability threshold, according to Glassnode. This suggests that the documents spent are recent acquisitions. Think: tactical trades rather than a wide distribution.
Meanwhile, the data on glass nodes show that the living metric continues to decrease, strengthening that the older parts remain dormant.
This patience is satisfied with a persistent institutional demand, as QCP writes in its update of daily markets.
Market data indicate that $ 2.2 billion in net entries at the FNB BTC Spot took place last week, QCP describing tone as “constructive” and noting that players such as strategy and metaplanet continue to accumulate.
These regular entries quietly reshape the structure of the market. Bitcoin’s ceiling, a measurement of the price at which the parts moved last time, increased to $ 955 billion, which is probably a sign that real capital, not only speculation, moves in the asset.
However, everything is not calm below the surface. QCP notes that long -speaking positions have increased, funding rates being positive on the main perpetual term markets.
Glassnode warns that “the market may need to move or lower to unlock the additional offer”, which suggests that this balance between long -term conviction and the short -term lever effect will not keep forever.
The BTC has barely evolved after the Senate approved the `Big Beautiful Bill ” of the White House, the market is less like a jostling and more as a confrontation between long -term holders who refuse to sell and short -term traders accumulating in a lever effect.
This fragile balance has market observers wondering where the next catalyst will come from and if it could explode the next BTC movement.
Figma holds $ 70 million in BTC ETF: deposit
The Figma design software company revealed a position of $ 70 million in the Bitwise Bitcoin Etf (Bitb) As part of its IPO deposit.
The file shows that the board of directors approved an investment of $ 55 million in BTC in March 2024, which has since appreciated 27%.
A separation could resolve Greenlit a purchase of $ 30 million USDC, intended for future BTC conversion relating to the total allowance expected at $ 100 million.
Recently, the Hong Kong food conglomerate, DDC Enterprise, announced this week a capital increase of $ 528 million, has been planned to buy 5,000 BTC over three years.
Development Corp. To raise $ 100 million in convertible tickets, eyes more ground accumulation
Development Corp., the first American company listed on the stock market with a cash strategy built around Solana
announced in a press release on Tuesday that he planned to raise $ 100 million thanks to a private offer of convertible senior tickets in 2030.
The offer, made under rule 144A to qualified institutional buyers, includes an option for initial buyers to acquire up to $ 25 million in tickets within 13 days of the issue.
Market movements:
BTC: Bitcoin holds about $ 106,000, with Glassnode chain data showing long-term carriers, largely insensitive.
ETH: Ethereum faced a large sale after failing to break the resistance at $ 2,522, ending a 24 -hour volatile session marked by a 4.5%negotiation range.
Gold: Gold increased by more than 1% on Tuesday, driven by a lower dollar and uncertainty of world trade, ad hoc prices reaching $ 3,357.85 and term contracts reaching $ 3,353.80.
S&P 500: American shares were mixed on Tuesday while investors were unleashed from technology, the S&P 500 sliding 0.11% to close to 6,198.01.
Elsewhere in crypto:
- Binance to keep hundreds of staff members in Singapore despite the repression (Bloomberg)
- The attorney general of NY, Letitia James, warns that (The block)
- High on Doge? The cannabis company is playing the treasure of Dogecoin (Decrypt)
