From the “12-day war” between Israel and Iran, a significant drop in Bitcoin (BTC) price has been recovered and stabilized at around USD 107,000. Though high, this number is insufficient for traders who expect a higher price before making a profit.
The market was able to maintain a level of short-term cost support despite high volatility and uncertainty, despite being a positive signal. This shows that the buyers (bullyers) still dominate Trends may continue to move upwardsAccording to GlassNode analysis company.
If traditional market capitalization is analyzed, each currency in the current offer is evaluated to the current market price. As with capital letters made, each currency is valued at the final negotiation price, There is significant growth.
In the case of market capitalization, it increased from a minimum of $340 million to $2.13 billion. Meanwhile, as can be seen in the following graph, capital made increased from $400,000 million to $958,000 million.
“Together, it stands out not only for its vital capital tickets for Bitcoin, but also for its maturity to become a billionaire asset,” GlassNode said.
This shows that Bitcoin is already more valuable Its several internationally renowned companies and companiesas target platform (Facebook), Tesla, JPMorgan Chase, Berkshire Hathaway, as shown below:
Increase profitability
Total profit is the difference between traditional market capitalization and capitalization. Estimated to be 1.2 billion US dollars. This not only highlights the “substantial valuation of value” experienced by Bitcoin investors, but also the incentives of sales pressure that can arise if feelings change,” the company warns.
Measured with MVRV, it gives an alternative vision of investor profitability. This is because this metric calculates the relationship between market capitalization and capitalization that was made. This offers Important information regarding the magnitude of profit or loss On paper that the average market participants have.
At this point, MVRV is +125%. Bitcoin investors have important benefits. Notable, it is considerably lower than the +185% profitability observed in March 2024, when it reached the historic US$73,000 in March 2024.
The advantages not made in dollars cited near historic maximums and the MVRV ratios below the peaks compared are clearly reflected. Divergence between two profitability measuresTherefore, it suggests that the capitalization created (capital tickets) has grown relatively quickly in recent months compared to stock capitalization (pricing).
I’m waiting for a better time
We see that the Bitcoin market has important benefits and need to push the investor response And I know if they’re profiting. To do this, we observe the magnitude of profit or loss that is blocked by transactions that occur on the chain every day.
In general, the benefits made are maintained It’s been relatively slow over the last few weeksWe also take into account that the price of BTC is very close to the new historical maximum.
Currently, approximately $872 million is blocked by daily profit. This was observed in a historical organization of US$73,000, respectively, than US$3.2 billion, which was observed above US$2.8 billion and US$3.2 billion, respectively, as seen in the following graph.
The decline in sales pressure in the Bitcoin market is particularly pronounced when examining the total supply of long-term holders. It recently reached a historic peak of 14.7 million BTC.
This emphasizes that Retention remains a dominant market action Among investors, GlassNode highlights because accumulation and maturation can significantly exceed distribution pressures.
The 155-day mobile average required for a coin to enter a cohort of long-term holders is now approaching its second historic biggest formation at the end of January this year. This indicates that investors have exceeded $100,000 They mostly grabbed coinsproves a “constructive sense of subsurface.”
The feeling of keeping the coin and waiting for a better time before sale is also proven by livestock indicators, as shown below. Evaluate the historic balance between spending and retention. During bullish trends, spending is an investor preference. Meanwhile, for bassists, Bitcoin accumulation is the dominant market behavior.
As you can see, at the last historic maximum, livestock metrics experienced a significant increase, highlighting markets dominated by spending activity and profits. Well, this behavior was absent in the recent $111,000 record, as shown below.
This further strengthens that fact Accumulation remains a dominant behavior Among investors, “we may need to expand the price range to promote renewed spending activities,” GlassNode says.
This trend is reaffirmed by the seller’s risk ratio. It is used to measure both investor activity in the market and to measure whether the market is approaching a degree of balance. When it is high, investors are gaining large profits or losses related to their cost base. And if they are low, the coins are closer to their original cost base, indicating a decrease in profits and losses.
Now, short-term holders have significantly reduced distribution pressures after recovering profit collection during the most recent historic largest. This suggests that it is in the current price range It’s not convincing enough As if investors were continuing to sell coins. Ultimately, this means that the market may need to raise (or even lower) to unlock additional offers.
This same accumulator operation is extrapolated to the long term holder. Preferences to maintain coins Follow on-chain data and wait rather than selling better market conditions.
As reported by Cryptonotic, there has been a decline in BTC trading activity and weaker investors’ participation, fewer investors’ participation, and a trend to accumulate better times in the market and wait for several days.
Institutional commitments are maintained
Along with a generalized sense of sharedness among Bitcoin investors, an institutional commitment to this digital asset That was widely evidentespecially through net flow to Bitcoin ETFs negotiated in the US.
In general, the added net entries have accelerated over the past few weeks. A seven-day average peak of over $298 millionas seen in the following graph.
This significant pressure in the sustained and purchasing portion is a “constructive signal that underlines the growing large institutional commitment.”
Net capital flows to Bitcoin ETFs are an important component of price action. As they can cause an increase or decrease in BTC prices. This is because funds that are regulated and part of the traditional financial system need to buy and sell digital currencies in the market to support financial products. This will affect the supply and demand of Bitcoin.
As Bitcoin ETFs were issued in the US, January 2024, and so far, most months have been issued, so you can see in the following graph. They have important capital entries Towards these financial products.
This performance of capital flows to ETFs is partially Increase what Bitcoin had in the same periodreaching 150% after being handed over from 40,000 US dollars in January 2024 to 107,000 US dollars in June 2025.
This makes us realize that better times are possible as long as our institutional commitment to Bitcoin is maintained and has a positive impact on prices. For investors who are patiently waiting to make a profit.
