Bitcoin News Today: Bitcoin STHs Shape $110K Support, $140K Resistance by July 2025

Bitcoin’s price trajectory near $110,000 by July 30, 2025, may be shaped by the behavior of short-term holders (STHs), according to analysis from Glassnode. The firm’s research highlights a structural imbalance in the cost basis distribution of STHs—investors holding Bitcoin for less than 155 days—which could influence near-term price dynamics. Specifically, a notable gap in transaction volume between $110,000 and $115,000 suggests a gravitational pull toward the lower end of this range. This "air gap" in accumulation leaves the $110,000 level as a critical support zone that could be tested before BTC attempts a sustained upward move [1].

Glassnode explains that STHs act as both a support mechanism and a resistance force. Their aggregated purchase prices form key price floors during bullish phases. However, the absence of significant volume between $110,000 and $115,000—stemming from BTC’s rapid ascent in this range—creates a void. This dynamic increases the likelihood of a price correction to $110,000 to "fill" the gap, as buyers would need to step in to validate this level [1]. Such a pullback would serve as a critical test for market participants to gauge demand at this psychological threshold.

Beyond support levels, the analysis also identifies potential resistance near $140,000. Using standard deviation analysis, Glassnode notes that this price point aligns with the +2σ band, where concentrated profit-taking by STHs could emerge. If BTC enters a price discovery phase, this region may become a sell zone as investors secure gains, capping short-term upside momentum [1]. The firm emphasizes that STH cohorts—groups of investors who acquired BTC at similar prices—create a layered structure of support and resistance. As prices approach these levels, selling pressure could intensify, influencing the market’s ability to break higher.

For traders, the implications are twofold. The $110,000 level warrants close attention as a potential floor, with increased buying volume signaling renewed bullish sentiment. Conversely, proximity to $140,000 should prompt caution, as profit-taking could stoke volatility. Glassnode’s framework underscores the importance of monitoring these cost basis dynamics to anticipate price movements in a data-driven manner [1].

The analysis also clarifies that STHs play a dual role in Bitcoin’s price stability. While their aggregated purchase prices provide foundational support, their tendency to sell upon reaching profit thresholds introduces resistance. This interplay between accumulation and distribution creates a "gravity" effect, pulling prices toward key levels based on historical transaction patterns [1].

Critically, the findings do not suggest an immediate price drop to $110,000 but rather a scenario where the gap’s structural weakness increases the probability of such a move. Actual outcomes will depend on broader market conditions, including macroeconomic factors and institutional adoption, which are not directly addressed in this analysis [1].

Sources:

[1] Glassnode Analysis Suggests Bitcoin Short-Term Holders May Influence BTC Support Near $110,000 July 30, 2025 (https://en.coinotag.com/glassnode-analysis-suggests-bitcoin-short-term-holders-may-influence-btc-support-near-110000/)