{"id":81430,"date":"2025-07-16T21:30:55","date_gmt":"2025-07-16T21:30:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=81430"},"modified":"2025-07-16T21:30:55","modified_gmt":"2025-07-16T21:30:55","slug":"bitcoin-next-key-level-is-136000-if-momentum-holds-glassnode-says","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=81430","title":{"rendered":"Bitcoin Next Key Level Is $136,000 If Momentum Holds, Glassnode Says"},"content":{"rendered":"

The on-chain analytics firm Glassnode has pointed out how $136,000 could be the next price level of importance for Bitcoin, if current momentum continues.<\/p>\n

This Bitcoin Short-Term Holder Cost Basis Level Is Situated At $136,000<\/h2>\n

In a new thread<\/a> on X, Glassnode has discussed what a few different on-chain indicators suggest regarding where Bitcoin is in the current cycle. The first metric shared by the analytics firm is the Short-Term Holder (STH) Cost Basis<\/a>, which measures the average acquisition price of the investors who purchased their coins within the past 155 days.<\/p>\n

Below is a chart showing the trend in this metric over the last couple of years.<\/p>\n

As displayed in the graph, the Bitcoin price broke above the STH Cost Basis earlier in the year and has since remained above the line, indicating the STHs as a whole have been in a state of net profit.<\/p>\n

In the same chart, the analytics firm has also marked a few other levels, each corresponding to a specific standard deviation (SD) from the STH Cost Basis. With the recent price surge to a new all-time high (ATH)<\/a> above $123,000, BTC was able to breach the +1 SD level, which has historically corresponded to heated market conditions.<\/p>\n

After the pullback, though, the coin has returned below the mark, but still remains close to it. \u201cIf this momentum continues, the next key level is $136k (2 +std), a zone that has historically marked elevated profit-taking and local market peaks,\u201d explains Glassnode.<\/p>\n

While Bitcoin is still not overheated from the perspective of the STH Cost Basis model, other indicators paint a different picture. The STH Supply In Profit<\/a>, an indicator tracking the percentage of the cohort\u2019s supply that\u2019s sitting on some gain, has recently surged far above the 88% threshold that has separated high-risk euphoric phases.<\/p>\n

Another metric, measuring the percentage of STH volume that\u2019s leading to profit realization, also similarly saw a jump significantly above the historical overheated cutoff of 62%.<\/p>\n

\u201cSuch spikes often occur multiple times in bull markets, but repeated signals at these levels typically precede local tops and warrant caution,\u201d notes the analytics firm.<\/p>\n

During this spike of profit-taking, the ratio between the profit and loss being realized by the Bitcoin STHs spiked to a 7-day exponential moving average (EMA) value of 39.8.<\/p>\n

This is a value that\u2019s, once again, extreme by historical standards. That said, spikes like this have generally occurred multiple times over the course of a cycle, before a top is finally attained.<\/p>\n

\u201cHistorically, cycle tops follow with a lag, leaving room for further upside,\u201d says Glassnode. \u201cHowever, risk is elevated and the market becomes increasingly sensitive to external shocks. The current pullback aligns with this pattern.\u201d<\/p>\n

BTC Price<\/h2>\n

At the time of writing, Bitcoin is floating around $118,800, up more than 8% in the last seven days.<\/p>","protected":false},"excerpt":{"rendered":"

The on-chain analytics firm Glassnode has pointed out how $136,000 could be the next price level of importance for Bitcoin, if current momentum continues. This Bitcoin Short-Term Holder Cost Basis Level Is Situated At $136,000 In a new thread on X, Glassnode has discussed what a few different on-chain indicators suggest regarding where Bitcoin is […]<\/p>\n","protected":false},"author":0,"featured_media":81431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81430"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81430"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/81431"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}