$BTC faces a wall at $117K.
By Maxime Laurent · 2025-09-19 10:32
$BTC faces a wall at $117K. 🧱
Glassnode’s heatmap shows a heavy concentration of supply around that level — a fat resistance zone where many holders might be waiting to sell. It’s like a sandbar in the sea, slowing the tide no matter how strong the current. 🌊
But here’s the twist: Coinbase just saw its Bitcoin and $ETH reserves surge to $112B — the highest in four years. Add to that steady inflows into ETFs, and you’ve got fresh demand lining up against that resistance. In other words, supply meets demand in a classic showdown.
For me, this feels like the heart of the bull market psychology: do we smash through $117K and trigger euphoria, or do we bounce back hard and shake out the impatient? Les émotions are running high.
Either way, the setup is delicious — a battle line drawn at $117K. Keep your eyes there, mes amis. 👀
#Bitcoin #BTC #ETH #Crypto #Markets #ETF #Glassnode #Coinbase
Glassnode’s heatmap shows a heavy concentration of supply around that level — a fat resistance zone where many holders might be waiting to sell. It’s like a sandbar in the sea, slowing the tide no matter how strong the current. 🌊
But here’s the twist: Coinbase just saw its Bitcoin and $ETH reserves surge to $112B — the highest in four years. Add to that steady inflows into ETFs, and you’ve got fresh demand lining up against that resistance. In other words, supply meets demand in a classic showdown.
For me, this feels like the heart of the bull market psychology: do we smash through $117K and trigger euphoria, or do we bounce back hard and shake out the impatient? Les émotions are running high.
Either way, the setup is delicious — a battle line drawn at $117K. Keep your eyes there, mes amis. 👀
#Bitcoin #BTC #ETH #Crypto #Markets #ETF #Glassnode #Coinbase
Disclaimer: This content is for informational purposes only and not financial advice.