Bitcoin (BTC) has been traded between $100,000 and $110,000 for seven consecutive weeks due to a backdrop of reduced profit realization, cooling transfer volumes and careful derivatives. According to In the GlassNode report on June 26th.
The report cited the market struggle to extend the highest 30-day realised profit figure in early May, falling as traders secured the third revenue wave of the cycle.
Realized profits
Cumulative realised profits for the cycle between 2023 and 2025 currently totaled $650 billion, exceeding the entire 2020-2022 period. However, current landscape signals reduced capital turnover.
Additionally, travel across the chain has dropped 32% from $52 billion since late May, with spot exchange sales of $7.7 billion, well below previous breakout levels.
The cost-based density heat map shows dense accumulation zones between $93,000 and $100,000.
Bitcoin briefly tested its band’s top edge at $99,000 during the weekend’s dip, but it regained its six-digit threshold as geopolitical tensions eased.
The report highlighted the cluster as structural support and noted that a critical break would allow holders of that range to surrender and deepen the correction.
Derivatives reset with confidence in leverage
Futures liquidation increased to $28.6 million for whipping shorts and $25.2 million for shorts, with both sides washing away leverage. Open interest contracted from 360,000 BTC to 334,000 BTC is a 7% slide that clears speculative excess.
The annual funding rate and three-month basis levels continue to decline over a few weeks period, suggesting that traders are hesitant to reestablish long, aggressive exposure despite the volume increasing.
The report said momentum remains constructive and Bitcoin exceeds cost-based support, but breakouts require “clear picks of demand, activities and convictions.” Until these inputs appear, the price could vibrate within the current $10,000 range.
Bitcoin is trading at $107,630 at press time, heading towards the general range limit.
Bitcoin Market Data
When reporting 9:12pm, 26 June 2025 UTCBitcoin ranks number one in terms of market capitalization, and the price is above 0% Over the past 24 hours. Bitcoin has a market capitalization 2.14 trillion dollars 24-hour trading volume $43.5 billion. Learn more about Bitcoin›
Overview of the Crypto Market
When reporting 9:12pm, 26 June 2025 UTCCrypto market totals are evaluated by 3.29 trillion dollars There is a 24-hour volume $1006.8 billion. Bitcoin’s advantage is currently underway 65.08%. Crypto Market Details›