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<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s latest push towards $120,000 fizzled into a stall-out that now resembles a \u201cfailed breakout zone,\u201d according to market analytics firm Swissblock. In a July 31 thread, the firm said \u201cmomentum has failed to ignite,\u201d arguing that realized-profit flows and an overwhelming share of coins sitting in profit have turned every bounce into an opportunity for supply to meet price.<\/p>\n
Swissblock framed the setback as a pause rather than a breakdown. \u201cProfit-taking is rising\u2014but not as intense as late 2024,\u201d the firm wrote, adding that the effect through July was \u201cenough to cap upside and trigger consolidation.\u201d The tone is cooling, not capitulatory: \u201cSelling pressure is visible, but not extreme\u2014think cooling, not capitulation.\u201d That diagnosis hinges on on-chain readings of realized profit\u2014an input that tends to expand into rallies as long-held coins are spent into strength\u2014and a market structure in which bids are absorbing supply rather than being overwhelmed by it.<\/p>\n
The most striking datapoint in the unrealized gains are tempting sellers.\u201d As Swissblock put it, \u201cStrong holders remain. But unrealized gains are tempting sellers. Until demand returns, each bounce invites supply.\u201d The firm contends the broader trend \u201cis intact\u2014but momentum needs a reset.\u201d<\/p>\n
Beyond on-chain realized flows, the firm\u2019s composite fundamentals read neutral with improving liquidity. \u201cBTC fundamentals are strong and stable,\u201d Swissblock wrote, pointing to a Bitcoin Fundamentals Index reading of 60 (neutral), \u201cNetwork Growth is cooling,\u201d and \u201cLiquidity is recovering.\u201d That mix typically favors range behavior over directional surges\u2014\u201ca consolidation-supportive environment,\u201d as the post put it\u2014in which Bitcoin \u201ccan grind sideways longer\u2014until it\u2019s ready to break with conviction.\u201d The implication is that the market\u2019s \u201cfailed breakout\u201d risk reflects timing rather than trend reversal: positioning and liquidity are not aligned yet for a sustained continuation.<\/p>\n
The cross-asset context is equally nuanced. \u201cAltseason is active\u2014but under stress,\u201d Swissblock wrote, observing that while \u201c$ETH continues to outperform BTC structurally, holding up better in this pullback,\u201d most altcoins are sagging, with \u201conly 5% of top 100 showing positive impulse.\u201d That thinning rotation underlines the selectivity of risk appetite and the fragility of momentum outside of the largest names. Historically, that pattern often precedes a decisive move in Bitcoin that either recharges the rotation or breaks it.<\/p>\n
Swissblock\u2019s concluding assessment leans cautiously constructive. \u201cProfit-taking is fading and selling pressure is being absorbed. BTC is preparing for breakout\u2014but momentum needs to align.\u201d Until that alignment arrives, the firm expects a grind: bids continue to meet supply from profitable holders, realized profits moderate, and liquidity improves in the background. If and when Bitcoin flips momentum back to positive, Swissblock argues, the spillover could be forceful: \u201cWhile BTC grinds sideways, watch for the moment it flips\u2014ETH and altcoins will likely explode upward when it does.\u201d<\/p>\n
In short, today\u2019s dip to $115,000 looks less like an outright rejection than a test of the market\u2019s ability to digest profits and reset momentum without damage to the underlying uptrend. With 96% of supply in profit and breadth compressed, the next impulse likely hinges on whether liquidity and demand can reassert themselves before profit-taking reaccelerates. For now, Swissblock\u2019s message is clear: the breakout will need to be earned, not assumed.<\/p>\n
At press time, BTC traded at $115,452.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin\u2019s latest push towards $120,000 fizzled into a stall-out that now resembles a \u201cfailed breakout zone,\u201d according to market analytics firm Swissblock. In a July 31 thread, the firm said \u201cmomentum has failed to ignite,\u201d arguing that realized-profit flows and an overwhelming share of coins sitting in profit have turned every bounce into an opportunity…<\/p>\n","protected":false},"author":1,"featured_media":6197,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[22,28,29,32,33,34],"class_list":["post-6196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/6196","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=6196"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/6196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/6197"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=6196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=6196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=6196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}