On-chain analytics firm Glassnode said Bitcoin’s native support has started to fade, pointing to a retreat in the large bid walls that had built up below the market in June. According to the firm, the remaining support under price has thinned noticeably, leaving what it described as a more fragile bottom structure. Glassnode added that it has been tracking this metric closely in its weekly updates. The latest reading suggests that downside liquidity and the depth of spot buying interest are weakening, a shift that could leave the market more exposed to future price swings. The firm did not provide new price targets or additional market forecasts in the update cited by ChainCatcher.
On-chain analytics firm Glassnode said Bitcoin’s native support is starting to disappear, according to a report cited by ChainCatcher.
Glassnode said the large bid walls that had accumulated below price in June have begun to pull back. The support still left under the market has become noticeably thinner, leaving a more fragile bottom structure.
The firm said it has continued to monitor this indicator closely in its weekly updates. The latest signal shows weakening downside liquidity and less depth in buy-side interest, with attention now turning to the risk of further price volatility.
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