Glassnode: Market Needs Short-Term Rebound to Reassure New Investors, On-Chain Data Indicates Speculative Fervor Has Cooled

By: theblockbeats.news|2025/08/07 16:12:01

BlockBeats News, August 7th, On-chain data analysis firm Glassnode released its latest On-chain Weekly Report, with the theme of "Bitcoin Market Entering a Liquidity Vacuum Phase: The Game between Key Support and Demand Recovery".

Glassnode cited data in the report, stating that after hitting a new all-time high of $123,000 in mid-July, Bitcoin entered a consolidation phase. Currently, the price has fallen below a supply-dense area based around $116,000. On July 31st, the price further broke below the lower boundary of this range, sliding into a liquidity-thin "air gap" that extends downwards to $110,000. Despite some buy-the-dip behavior, the market has not yet reclaimed the key resistance level.

The profit ratio of short-term holders has decreased from 100% to 70%. If demand does not rebound quickly, the confidence of new investors may weaken, leading to more selling pressure. Meanwhile, on August 5th, Bitcoin ETFs saw a net outflow of 1,500 BTC, marking the largest single-day outflow since April 2025. The funding rate in the perpetual contract market has also dropped, indicating a reduced willingness for leveraged long positions, and a cooling of market speculative fervor.

DDC Enterprise Limited has today announced the additional purchase of 50 bitcoins, increasing its total bitcoin holdings to 2,118 bitcoins. This latest acquisition marks DDC's seventh consecutive week of executing its bitcoin accumulation plan. Based on its current holdings, DDC is ranked 34th in the global publicly traded companies bitcoin holdings list.

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