Bitcoin News Today: Bitcoin Growth Slows to 5.46% as Market Shifts Toward Caution

Glassnode’s latest on-chain analysis reveals a nuanced and evolving landscape for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The data suggests a general cooling of risk appetite, as reflected in the slowing realized capital growth rates for BTC and SOL. Bitcoin’s growth rate fell from 6.66% to 5.46%, while Solana dropped from 6.34% to 4.84% over the past week. This decline, paired with a moderation in top meme coin activity, signals a market in transition as investors shift toward safer assets or await a new catalyst [1].

Ethereum, however, stands out as a contrast. ETH’s realized cap growth rose from 5.32% to 6.41%, indicating relative resilience amid broader market shifts. This divergence points to different investor behaviors and possibly stronger on-chain activity or institutional interest in the second-largest cryptocurrency [2].

The broader market context shows signs of exhaustion in spot demand for BTC. By early August, demand had fallen to $220 million, with ETF inflows sharply declining [3]. This aligns with a bearish shift in the RSI metric, which dropped from 47.4 to 35.8 by August 1, 2025, reflecting weak market conditions and increasing pessimism [4].

Yet, the market also shows signs of recovery. On August 6, Bitcoin reclaimed the $115,000 level, and Ethereum surged by over 6%—suggesting potential stabilization [5]. Additionally, top BTC holders with low cost bases have not been selling, a sign of long-term confidence [6].

Unusual on-chain activity also emerged, with Bitcoin addresses inactive for 7–10 years moving funds and generating over $1 billion in profits [7]. This rare movement could signal a psychological shift or the activation of long-dormant capital, though its impact on broader price action remains to be seen.

Another notable trend is the alignment between large Bitcoin whales and retail investors in their current market positioning [8]. This contrasts with earlier reports of divergent behavior and may indicate a broader consensus in investor sentiment. Nonetheless, the market remains vulnerable to further corrections, as futures buying volume has not yet restored a bullish outlook [9].

For traders and investors, the key lies in monitoring critical support levels, such as $106,100–$108,000 for Bitcoin [10]. The outcome of these levels could determine whether the market continues its consolidation phase or experiences a deeper pullback before the next rally.

Glassnode’s insights continue to serve as a crucial barometer for the crypto market, offering real-time signals from on-chain data. While the market shows both deterioration and potential for recovery, the behavior of long-term holders and the activation of dormant wallets add complexity to the narrative. Investors are advised to proceed with caution and closely track these evolving dynamics.

Source: [1] https://coinmarketcap.com/community/articles/68937f7adbd4974486b4b253/

[2] https://cryptoadventure.com/seller-exhaustion-emerges-but-bitcoin-remains-at-risk-of-further-losses-glassnode

[3] https://cryptonews.com/news/bitcoin-spot-demand-crashes-to-220m-as-etf-inflows-decline-25-is-the-bull-run-dead/

[4] https://www.mitrade.com/insights/crypto-analysis/others/fxstreet-BTCUSDETHUSDXRPUSD-202508050916

[5] https://www.mitrade.com/insights/news/live-news/article-3-1014591-20250806

[6] https://www.panewslab.com/en/articles/b1aa4853-ceaf-4833-8689-5ecc472db2f4

[7] https://www.bitget.com/news/detail/12560604897997

[8] https://studio.glassnode.com/charts/derivatives.FuturesVolumeBuySum?a=BTC&chartStyle=column&e=CME

[9] https://blockchain.news/flashnews/crypto-market-analysis-buying-opportunities-as-long-as-106-108k-support-holds-says-reetikatrades