Bitcoin News

Story: Bitcoin at a Critical Crossroads: Bounce or Drop to $98,000 Next?

By Sakamoto Nashi

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Understanding the 0.85 Supply Quantile. Glassnode’s “Supply Quantiles Cost Basis Model” divides Bitcoin’s total circulating supply into…

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Glassnode: “Holding It Has Sparked Major Rallies”. In its latest analysis, Glassnode highlighted that previous retests of this level have often led…

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BTC Price Behavior Suggests Uncertainty. The Bitcoin chart shows repeated attempts to hold above the 0.85 level.

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Coinbase Premium Gap Shows Institutional Selling. Further confirming market weakness, data from CryptoQuant suggests that U.S.

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Historical Patterns Point to High-Stakes Moment. Bitcoin’s current situation mirrors several previous phases where retests of major quantile levels…

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What to Expect Next. At the moment, Bitcoin traders are split between optimism and caution.

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Conclusion. Bitcoin is at a decisive juncture once again. The 0.

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Bitcoin (BTC) is once again at a critical turning point, retesting a price level that has historically determined whether the market heads for another rally or deeper correction.

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As of now, BTC is trading close to $109,000, with traders closely monitoring whether this level will hold — or if a potential drop toward $98,000 could be next.

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Glassnode’s “Supply Quantiles Cost Basis Model” divides Bitcoin’s total circulating supply into quantiles, each representing a group of coins based on how profitable they are…

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The 0.85 quantile level means that 85% of Bitcoin’s circulating supply is currently in profit, while 15% is at a loss.

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When Bitcoin holds above the 0.85 level, the market has typically seen strong rebounds and renewed bullish momentum.

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When it fails to maintain this level, the price tends to slide toward the 0.75 quantile, which currently corresponds to around $98,000.

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In its latest analysis, Glassnode highlighted that previous retests of this level have often led to decisive outcomes for Bitcoin’s price movement.

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“Holding it has sparked major rallies, but losing it often sees a slide toward the 0.75 band,” the firm noted.

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