Analysts at Glassnode expect BTC to rise to $95,000–97,000 in the near term. According to their assessment, holding above $84,000–85,000 keeps the path open to $96,700, while losing this range would shift focus to support around $77,000.

Potential resistance at $95,000–96,700

Around $96,700, some investors who bought BTC 1–2 years ago will break even, which could increase selling pressure. Options may also act as an additional factor limiting growth near $95,000.

Almost all short-term holders are in profit

Nearly all short-term holders are currently in profit, but profit-taking remains weak—at levels similar to the start of the rally in late 2023 and early 2024.

Spot Bitcoin ETFs attracted $1.3 billion in 5 days

After two weeks of outflows, spot Bitcoin funds saw inflows of $1.3 billion over the past five days.

Volumes +121%, altcoins outperform BTC, leverage stable

Since the start of the rally, spot trading volumes have increased by 121%, and for the first time in a year, the rise in volumes is accompanied by price growth, although average turnover is still 30% below last year. On the June low, the share of coins at a loss was comparable to 2022, but the size of losses was smaller. Over the week, 72.5% of tracked altcoins outperformed BTC. There has been no significant increase in leverage—purchases are mainly spot, reducing the risk of cascading liquidations.