{"id":90475,"date":"2025-10-30T16:34:59","date_gmt":"2025-10-30T14:34:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90475"},"modified":"2025-10-30T15:35:40","modified_gmt":"2025-10-30T13:35:40","slug":"analysts-explain-bitcoins-sideways-movement","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analysts-explain-bitcoins-sideways-movement\/","title":{"rendered":"Analysts Explain Bitcoin&#8217;s Sideways Movement"},"content":{"rendered":"<p>The daily sales volume of long-term holders of the leading cryptocurrency has increased from $1 billion in June to $3 billion in October. This group is exerting pressure on the price, according to experts at Glassnode.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"glassnode\/1371\" data-width=\"100%\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cUnlike previous phases of high spending in the current cycle, this distribution mode has been gradual and steady, rather than abrupt,\u201d they noted.<\/em><\/p>\n<\/blockquote>\n<p>Investors who purchased Bitcoin at an average price of $93,000 between October 2024 and April 2025 have become the main sellers of the asset. The daily sales volume peaked at $648 million around the <a href=\"https:\/\/forklog.com\/en\/news\/bitcoins-surge-to-126000-revitalises-retail-investors\">all-time high of $126,000<\/a>, exceeding the baseline level by more than five times.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8189a89cdad99da0-8223873481563148-1024x576.jpeg\" alt=\"image\" class=\"wp-image-268584\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8189a89cdad99da0-8223873481563148-1024x576.jpeg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-8189a89cdad99da0-8223873481563148-300x169.jpeg 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-8189a89cdad99da0-8223873481563148-768x432.jpeg 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-8189a89cdad99da0-8223873481563148.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Realized profit of Bitcoin by coin age (seven-day moving average). Source: <a href=\"https:\/\/t.me\/glassnode\/1372\">Glassnode<\/a>.<\/figcaption><\/figure>\n<p>The group of coin holders aged six to 12 months accounted for more than 50% of the selling pressure, analysts emphasized.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin Risks Falling Back to $88,000<\/h2>\n<p>According to experts, the $113,000 level currently serves as the dividing line between bearish and bullish sentiments. Bitcoin <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-tops-111000-after-trump-hails-remarkable-meeting-with-xi\">rose<\/a> to this mark, but only briefly.<\/p>\n<p>At the time of writing, the leading cryptocurrency is trading around $108,400.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"600\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-17625db701a83ed2-8223892250792822-1024x600.png\" alt=\"image\" class=\"wp-image-268585\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-17625db701a83ed2-8223892250792822-1024x600.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-17625db701a83ed2-8223892250792822-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-17625db701a83ed2-8223892250792822-768x450.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-17625db701a83ed2-8223892250792822-1536x900.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-17625db701a83ed2-8223892250792822.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The inability to hold above $113,000 after six months of steady trading at high levels indicates a weakening of buying activity, noted Glassnode.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cOver the past two weeks, Bitcoin has failed to close a weekly candle above this significant threshold, increasing the risks of further correction,\u201d the experts explained.<\/em><\/p>\n<\/blockquote>\n<p>If the trend continues, a pullback to the next significant support around $88,000 \u2014 the realized price level of active investors \u2014 is possible. Historically, this indicator has often marked phases of deep corrections.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-0b600d1722243f81-8223908646695770-1024x576.png\" alt=\"image\" class=\"wp-image-268586\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-0b600d1722243f81-8223908646695770-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-0b600d1722243f81-8223908646695770-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-0b600d1722243f81-8223908646695770-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-0b600d1722243f81-8223908646695770-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-0b600d1722243f81-8223908646695770.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Key Bitcoin price metrics. Source: Glassnode.<\/figcaption><\/figure>\n<p>Future demand dynamics will depend on short-term holders. To quantitatively assess stress in this category, analysts used the STH-NUPL indicator, which measures the share of unrealized profit or loss in the total market capitalization.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-395f3d2642df91d7-8223932402365837-1024x576.png\" alt=\"image\" class=\"wp-image-268587\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-395f3d2642df91d7-8223932402365837-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-395f3d2642df91d7-8223932402365837-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-395f3d2642df91d7-8223932402365837-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-395f3d2642df91d7-8223932402365837-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-395f3d2642df91d7-8223932402365837.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Glassnode.<\/figcaption><\/figure>\n<p>According to historical data, extremely low values of this indicator have traditionally coincided with capitulation phases preceding market bottoms.<\/p>\n<p>The current decline in the leading cryptocurrency&#8217;s rate has lowered the STH-NUPL to -0.05. This indicates relatively moderate losses \u2014 for comparison, during average corrections in a bull trend, values usually reach -0.1\/-0.2, while in deep bear phases, they fall below -0.2.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cAs long as Bitcoin trades in the $107,000-117,000 range \u2014 the zone of concentration for major investors&#8217; purchases \u2014 the market maintains a fragile equilibrium. Although full-scale capitulation has not yet been observed, time works against the bulls as market participants&#8217; confidence gradually erodes,\u201d Glassnode emphasized.<\/em><\/p>\n<\/blockquote>\n<p>Earlier, an analyst under the pseudonym Crypto Dan <a href=\"https:\/\/forklog.com\/en\/news\/analyst-predicts-end-of-correction-and-altcoin-rally\">predicted<\/a> the end of the correction and the start of an altcoin rally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The daily sales volume of long-term holders of the leading cryptocurrency has increased to $3 billion. This group is exerting pressure on the price, according to experts at Glassnode.<\/p>\n","protected":false},"author":1,"featured_media":90476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Long-term investors increased BTC sales due to the loss of a key level.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1273,1268],"class_list":["post-90475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-glassnode","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"294","promo_type":"1","layout_type":"1","short_excerpt":"Long-term investors increased BTC sales due to the loss of a key level.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90475"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90475\/revisions"}],"predecessor-version":[{"id":90477,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90475\/revisions\/90477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90476"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}