{"id":5905,"date":"2025-07-17T05:00:29","date_gmt":"2025-07-17T05:00:29","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-next-key-level-is-136000-if-momentum-holds-glassnode-says\/"},"modified":"2025-07-17T05:00:29","modified_gmt":"2025-07-17T05:00:29","slug":"bitcoin-next-key-level-is-136000-if-momentum-holds-glassnode-says","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-next-key-level-is-136000-if-momentum-holds-glassnode-says\/","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 Short-Term Holder (STH) Cost Basis, 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

\"Bitcoin<\/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) 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. “If this momentum continues, the next key level is $136k (2 +std), a zone that has historically marked elevated profit-taking and local market peaks,” 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, an indicator tracking the percentage of the cohort’s supply that’s sitting on some gain, has recently surged far above the 88% threshold that has separated high-risk euphoric phases.<\/p>\n

\"Bitcoin<\/p>\n

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

\"Bitcoin<\/p>\n

“Such spikes often occur multiple times in bull markets, but repeated signals at these levels typically precede local tops and warrant caution,” 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

\"Bitcoin<\/p>\n

This is a value that’s, 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

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

\"Bitcoin<\/p>\n","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 Short-Term Holder (STH) Cost Basis, which measures the average acquisition price of the investors who purchased their…<\/p>\n","protected":false},"author":1,"featured_media":5906,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[22,2089,28,587,32,36,952],"class_list":["post-5905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-momentum","tag-bitcoin-news","tag-bitcoin-top","tag-btc","tag-btcusdt","tag-glassnode"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=5905"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5906"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}