Over 70 crypto exchange-traded funds are awaiting review from the United States Securities and Exchange Commission.

Bitwise adds in-kind redemptions to DOGE, APT ETF filings

As Bitcoin pushes back toward the $108,000 level, on-chain data reveals the 
investor cohorts are still divided in their accumulation behavior. Bitcoin 
Accumulation Trend Score Shows Mixed Behavior From Holders In a new post on X, 
the on-chain analytics firm Glassnode has talked about how the BTC investor 
cohorts aren&#8217;t showing a unified behavior on the Accumulation Trend Score. The 
Accumulation Trend Score refers to an indicator that basically tells us 
whether Bitcoin holders are accumulating or not. The metric bases its value on 
two factors: the balance changes happening in the wallets of the investors and 
the size of those wallets. Related Reading: Tron’s 374% Profit-Taking Spree 
Uncovered—Here’s Who Was Behind It When the value of the indicator is greater 
than 0.5, it means the large holders (or a large number of small hands) are 
leaning toward net accumulation. The closer the score is to 1.0, the stronger 
the buying. On the other hand, the metric being under the threshold suggests 
the investors are in a phase of distribution (or simply, that they aren&#8217;t 
accumulating). This behavior is the strongest at the zero mark. Now, here is 
the chart for the Accumulation Trend Score shared by Glassnode, showing the 
trend in the metric separately for the various holder groups: As displayed in 
the above graph, the Accumulation Trend Score has recently varied in value 
across these cohorts. Investors who hold between 1 to 10 BTC appear to be 
distributing, while those with 10 to 100 BTC are accumulating. Among the large 
holders, the trend leans more neutral, but the indicator still doesn&#8217;t show 
any clear uniformity. Members of the 1,000 to 10,000 coins group, popularly 
referred to as the whales, are currently tending toward accumulation, but 
those part of the 10,000+ cohort, the &#8216;mega whales,&#8217; are showing slight 
distribution. According to the analytics firm, the Accumulation Trend Score of 
the network as a whole stands at 0.57. As such, it seems there is no majority 
behavior being followed by the traders at the moment. Related Reading: 
Chainlink Holders Set Record As 1-Yr MVRV Signals ‘Opportunity’ That said, 
while a unifying buying push hasn&#8217;t appeared alongside the latest price rally 
toward $108,000, there has still been an improvement that has occurred in the 
score. According to the analytics firm, the indicator dropped to a low of 0.25 
earlier. It only remains to be seen, however, whether the Bitcoin investors 
would continue to move in this direction, or if indecision is here to stay for 
a while. BTC Price Bitcoin attempted to find a break above the $108,000 level 
earlier, but the asset has so far not been able to maintain a sustainable 
move, and its price has even seen rejection toward $107,100. Featured image 
from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin Retests $108,000, But Holders Disagree On Direction

Bakkt has filed for a $1 billion shelf registration after the firm updated its 
investment policy earlier this month to allow it to buy Bitcoin and other 
cryptocurrencies.

Bakkt Holdings files $1B shelf offering that could fuel Bitcoin buys

Binance’s founder declares 0.1 BTC the new American Dream as U.S. housing 
leaders move to recognize bitcoin as valid reserve capital in mortgage 
applications. Crypto Over Property? Binance’s Founder Sees 0.1 BTC as the 
Future of Wealth Bitcoin’s potential recognition in U.S. mortgage applications 
marks a pivotal redefinition of acceptable assets, signaling a break from […]

Binance Founder Declares 0.1 Bitcoin the Future American Dream

Bitcoin price started a fresh increase above the $106,500 zone. BTC is now 
consolidating and might aim for a move above the $108,000 resistance. Bitcoin 
started a fresh increase above the $106,500 zone. The price is trading above 
$106,500 and the 100 hourly Simple moving average. There was a break below a 
bullish trend line with support at $107,300 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair could start a fresh increase if it 
stays above the $105,500 zone. Bitcoin Price Faces Resistance Bitcoin price 
started a fresh increase above the $104,200 zone. BTC gained pace and was able 
to climb above the $105,000 and $105,500 levels to enter a positive zone. The 
bulls pushed the price above the $106,500 resistance and the price tested the 
$108,150 zone. A high was formed at $108,165 and the price is now 
consolidating gains. There was a break below a bullish trend line with support 
at $107,300 on the hourly chart of the BTC/USD pair. However, the price stayed 
above the 23.6% Fib retracement level of the upward move from the $98,272 
swing low to the $108,165 high. Bitcoin is now trading above $106,000 and the 
100 hourly Simple moving average. On the upside, immediate resistance is near 
the $107,800 level. The first key resistance is near the $108,150 level or the 
1.236 Fib extension level of the downward move from the $106,470 swing high to 
the $98,276 low. A close above the $108,150 resistance might send the price 
further higher. In the stated case, the price could rise and test the $110,000 
resistance level. Any more gains might send the price toward the $112,000 
level. Bearish Reaction In BTC? If Bitcoin fails to rise above the $108,150 
resistance zone, it could start another decline. Immediate support is near the 
$105,800 level. The first major support is near the $105,000 level. The next 
support is now near the $103,200 zone and the 50% Fib retracement level of the 
upward move from the $98,272 swing low to the $108,165 high. Any more losses 
might send the price toward the $102,500 support in the near term. The main 
support sits at $101,200, below which BTC might gain bearish momentum. 
Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish 
zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below 
the 50 level. Major Support Levels – $105,800, followed by $105,500. Major 
Resistance Levels – $107,800 and $108,150.

Bitcoin Price Sideways Action Builds — Will Bulls Step In After a Minor Dip?

As Bitcoin (BTC) continues its steady climb toward its all-time high (ATH) of 
$111,814 recorded in May 2025, the cryptocurrency is witnessing a notable 
shift in its holder composition. New on-chain data suggests that BTC “weak 
hands” are selling their holdings to larger investors. Bitcoin Moving Upstream 
From Weak Hands To Big Money According to a recent Cryptoquant Quicktake post 
by contributor IT Tech, Bitcoin’s supply is moving upstream from retail 
investors to larger holders. This movement denotes a fundamental shift in the 
investor sentiment toward the largest digital asset. Related Reading: Bitcoin 
Following ABCD Pattern? Analyst Sees Path To $137,000 Retail investors &#8211; those 
holding less than one BTC &#8211; have seen a significant reduction in their 
holdings, with total balances dropping by 54,500 BTC year-over-year (YoY), to 
1.69 million BTC. On average, this cohort has experienced outflows of 
approximately 220 BTC per day. In contrast, large holders &#8211; wallets with 1,000 
BTC or more &#8211; have expanded their total BTC exposure by 507,700 BTC over the 
same period, bringing their combined holdings to 16.57 million BTC. This group 
is now seeing average inflows of around 1,460 BTC per day. Institutional 
interest in Bitcoin also continues to rise at a historic pace. Notably, 
institutions are currently absorbing about seven times more BTC than retail 
investors are selling. At the same time, the post-halving issuance of BTC is 
currently hovering around 450 BTC a day, raising the possibility of a true 
“supply squeeze” amid strong buying pressure. To recall, BTC underwent its 
latest halving in April 2024, when the mining reward for each block on the 
chain was slashed from 6.25 BTC to 3.125 BTC. In their commentary, IT Tech 
noted that meaningful retail interest has yet to kick in during this cycle. 
Unlike previous market tops &#8211; where retail investors aggressively accumulated 
BTC &#8211; current data shows them exiting the market, suggesting that the bull run 
may still have more room to grow. Another metric that points toward the market 
top being far from the current price level is the Bitcoin 30-day MA Binary 
CDD. In a recent analysis, CryptoQuant contributor Avocado_onchain noted that 
the BTC market is “far from overheating.” BTC Short-Term Holder Floor 
Approaching $100,000 As BTC remains range-bound between $100,000 and $110,000, 
the short-term holder (STH) realized price &#8211; a key psychological support level 
&#8211; is steadily climbing. It currently sits near $98,000, reflecting rising 
investor conviction. Related Reading: Bitcoin Poised For Rally As Geopolitical 
Tensions Ease And Inflation Expectations Fall Further on-chain data also shows 
that both retail and institutional holders are reducing exchange deposits, 
signalling reluctance to sell at current levels. This behavior supports the 
idea that many are positioning for further upside. At press time, BTC trades 
at $107,012, down 0.5% in the past 24 hours. Featured image with Unsplash, 
charts from CryptoQuant and TradingView.com