Physical Bitcoin may seem like a curious concept to those new to the cryptocurrency world. After all, Bitcoin is a digital asset, right? However, in 2011, Mike Caldwell introduced the idea of physical bitcoins, essentially physical representations of the digital…

What is Physical Bitcoin? The real-world version of BTC

Panther Metals is planning a $5.4 million Bitcoin treasury and will use it as 
collateral to buy a mineral mining deposit in Canada and other commodities in 
the future.

Panther Metals up 21% after $5.4M Bitcoin play to buy minerals and gold

The on-chain analytics firm Glassnode has highlighted the $97,000 to $98,000 
zone as an important one for Bitcoin. Here&#8217;s why. Bitcoin CBD Suggests Build 
Up Of Supply In This Range In a new post on X, Glassnode has discussed about a 
potentially significant zone for Bitcoin based on the Cost Basis Distribution. 
The Cost Basis Distribution (CBD) is an indicator that measures the amount of 
the BTC supply that investors last purchased or transferred at the various 
price levels. As is visible in the above graph, there is a dense supply zone 
located between $97,000 to $98,000. Generally, investors are quite sensitive 
to retests of their cost basis, so a large amount of them (or alternatively, a 
few large holders) having their acquisition level inside a narrow range could 
make retests of it significant for Bitcoin. Related Reading: Bitcoin STHs 
Capitulate: 14,700 BTC Moved To Exchanges At Loss When the mood in the market 
is bullish, holders can react to retests of their cost basis from above by 
buying more. They may do so believing that the same level would end up proving 
profitable again in the future and the retrace is just a &#8216;dip.&#8217; The 
cryptocurrency suffered a plunge yesterday and nearly touched this region. 
Since then, however, things have turned around for the asset and it has gained 
some distance over it once more. In the event that the decline does continue, 
which may not be too unexpected given the volatile geopolitical situation at 
the moment, the zone could end up acting as the next true pivot for Bitcoin, 
according to the analytics firm. While the CBD tells us where the 
cryptocurrency&#8217;s supply is concentrated, it doesn&#8217;t contain any information 
about who bought or sold at those price levels. Glassnode&#8217;s behavioral 
cohorts, investor groups divided on the basis of their behavior, solve this 
problem. Here is a chart that shows the trend in the Bitcoin supply held by 
these holder cohorts over the past few years: There are five of these behavior 
groups. First Buyers (green) include the investors who are buying Bitcoin for 
the very first time. As displayed in the chart, the supply of this group has 
been on the rise, indicating fresh demand has been coming in. Momentum Buyers 
(blue) are those that capitalize on market momentum by buying during uptrends. 
On the opposite spectrum are the Conviction Buyers (purple), who buy despite 
falling prices. Finally, there are the Loss Sellers (red) and Profit Takers 
(yellow), who correspond to investors exiting at a loss and profit, 
respectively. During the past couple of weeks, the former cohort has seen an 
increase of 29%, a sign that weak hands have been capitulating. Related 
Reading: Consolidation Takes Its Toll: Bitcoin Investors No Longer Greedy That 
said, the analytics firm has noted, &#8220;Conviction Buyers also increased, 
suggesting sentiment isn’t collapsing. Some are cutting losses &#8211; others are 
actively lowering their cost basis.&#8221; BTC Price At the time of writing, Bitcoin 
is floating around $103,900, down more than 4% in the last seven days. 
Featured image from Dall-E, Glassnode.com, chart from TradingView.com

This Bitcoin Zone Could Be Market’s Next True ‘Pivot,’ Says Glassnode

Sonic’s native token, S, has jumped 16% in the past 24 hours to trade at 
$0.3208, buoyed by news that Coinbase will list the asset. Coinbase Assets 
announced on June 23 that support for Sonic (S) will go live “on…

Sonic’s S token jumps 16% as Coinbase announces listing — will S price momentum hold?

The cryptocurrency market rallied on Tuesday, June 24, following news of a 
potential truce between Israel and Iran, announced by U.S. President Donald 
Trump. According to a June 24 report by Reuters, Trump said both countries had 
agreed to end…

Crypto market rebounds as Trump announces potential Israel-Iran ceasefire

Institutional investors are aggressively embracing alternative crypto treasury 
strategies as major players move to inject massive capital into BNB, 
positioning it as a groundbreaking treasury asset. Alternative Crypto Treasury 
Strategies Gain Momentum With Institutional Interest in BNB Investor 
enthusiasm for alternative crypto treasury strategies is building as a group 
of hedge fund veterans aim to […]