{"id":867404,"date":"2025-08-23T21:13:30","date_gmt":"2025-08-24T02:13:30","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/23\/bitcoin-on-chain-model-shows-critical-support-at-104000-108000-details\/"},"modified":"2025-08-23T21:13:30","modified_gmt":"2025-08-24T02:13:30","slug":"bitcoin-on-chain-model-shows-critical-support-at-104000-108000-details","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/23\/bitcoin-on-chain-model-shows-critical-support-at-104000-108000-details\/","title":{"rendered":"Bitcoin On-Chain Model Shows Critical Support At $104,000-$108,000 \u2013 Details"},"content":{"rendered":"
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Reason to trust<\/h3>\n

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Prominent analytics firm Glassnode has shared new on-chain insights into the Bitcoin market, pointing to the next major support zone amid a euphoric market mood on Friday. The world\u2019s leading cryptocurrency briefly surged to above $117,000 after comments from US Federal Reserve Chairman Jerome<\/a> Powell signaled a possible shift away from the central bank\u2019s long-standing hawkish stance.
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Bitcoin\u2019s Crucial Defense Level At $104,000\u2013$108,000: Data<\/b><\/h2>\n

In an X post<\/a> on August 22, Glassnode explains that Bitcoin\u2019s UTXO Realized Price Distribution (URPD) suggests the $104,000\u2013$108,000 range has emerged as a critical support zone, backed by significant investor activity. Notably, more than 1.15 million BTC were accumulated within this price band over the past year, creating a dense cluster of realized prices that may act as a strong floor for the market.
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\"Bitcoin\"
Source: @glassnode on X<\/figcaption><\/figure>\n

For context, the URPD model tracks the distribution of Bitcoin\u2019s supply across different price levels, effectively highlighting where coins last changed hands. Heavy accumulation within a narrow range often translates into robust support, as holders who bought at those levels are less likely to sell at a loss. <\/span>
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\n<\/span>Currently, Bitcoin is trading near $116,000 after a slight retracement following the price rebound on Friday.\u00a0 In the event of a further correction, prices are likely to retest the $104,000\u2013$108,000 range, which currently holds the largest cluster of realized prices below the present spot market price, underscoring the importance of this support zone in the short-term outlook.
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Powell\u2019s Policy Shift Drives $300 Million To Bitcoin Futures Market<\/b><\/h2>\n

In other developments, CryptoQuant analyst Darkfost reported<\/a> a sharp surge in Bitcoin derivatives activity after Federal Reserve Chairman Jerome Powell hinted at a potential shift in monetary policy during his speech<\/a> at the Jackson Hole Economic Symposium in Wyoming. Powell suggested that the Fed may be preparing to adjust its stance, citing the economy\u2019s baseline outlook and evolving risk dynamics.<\/span>
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\n<\/span>The Fed Chair said:<\/span><\/p>\n

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Our policy rate is now 100 basis points closer to neutral than it was a year ago, and the stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance. Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.<\/span><\/p>\n<\/blockquote>\n

Within 15 minutes of this speech, Darkfost noted that nearly $300 million flowed into Bitcoin futures products, pushing Binance\u2019s BTC Open Interest to about $13.3 billion. The spike reflects investors\u2019 positioning for potential interest rate cuts at the upcoming FOMC meeting in September after Powell\u2019s hint of <\/span>potential easing of the Fed\u2019s monetary policy.<\/span>
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\n<\/span>At press time, Bitcoin trades at $115,850, reflecting a price gain of 2.25% in the past 24 hours despite recent gains.
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\"Bitcoin\"
BTC trading at $115,895 on the daily chart | Source: BTCUSDT chart on Tradingview.com<\/a><\/figcaption><\/figure>\n

Featured image from iStock, chart from Tradingview<\/p>\n<\/div><\/div>\n

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\"Semilore\t\t<\/p>\n

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.<\/p>\n

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Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. <\/p>\n

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.<\/p>\n

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.<\/p>\n

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.<\/p>\n

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. <\/p>\n

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.<\/p>\n

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends.<\/p>\n

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. <\/p>\n

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. <\/p>\n

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.<\/p>\n

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. <\/p>\n

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

Disclaimer:<\/strong> The information found on NewsBTC is for educational purposes
\n\t\t\t\t\t\t\tonly. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any
\n\t\t\t\t\t\t\tinvestments and naturally investing carries risks. You are advised to conduct your own
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\n\t\t\t\t\t\t\tentirely at your own risk.<\/p>\n<\/p><\/div>\n

Read More<\/a>
\n Semilore Faleti<\/p>\n","protected":false},"excerpt":{"rendered":"

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies<\/p>\n","protected":false},"author":1,"featured_media":867405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,67720],"tags":[],"class_list":{"0":"post-867404","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-on-chain"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/867404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=867404"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/867404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/867405"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=867404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=867404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=867404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}