Bitcoin‘s BTC/USD chances of breaking to new all-time highs in the near term appear constrained, according to the latest analysis by blockchain intelligence firm Glassnode.

What Happened: The report highlights fading momentum, reduced on-chain activity, and declining investor profitability as key factors capping immediate upside.

The cryptocurrency briefly fell to $99,000 over the weekend amid rising geopolitical tensions but quickly recovered to $106,000 following reports of de-escalation.

Despite this volatility, Bitcoin remains range-bound between $100,000 and $110,000, a pattern it has sustained since early May.

Glassnode’s data suggests that Bitcoin’s structural support remains firm…

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