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  • Bitcoin Bull Run Nearing Its Peak? Glassnode Warns of Final Surge Before Major Correction

    Bitcoin Bull Run Nearing Its Peak? Glassnode Warns of Final Surge Before Major Correction

    Bitcoin’s record-breaking rally might be entering its final stretch — analysts warn that euphoria could soon give way to exhaustion.

    💹 Bitcoin’s Record High and Sudden Reversal

    Bitcoin recently surged to a new all-time high of $125,708 on Bitstamp, igniting fresh optimism across the crypto market. However, the excitement faded quickly as:

    • BTC fell below $123,000 within hours
    • Traders described the move as a “Sunday fakeout”, fueled by thin weekend liquidity
    • The price has since stabilized near $124,000, keeping market sentiment uncertain

    Despite the brief pullback, Bitcoin remains near record levels, with investors split between anticipation of another breakout and fear of an incoming correction.

    ⚠️ Glassnode’s Warning: The Bull Run’s Final Phase

    On-chain analytics firm Glassnode, led by co-founders Jan Happel and Yan Allemann (aka Negentropic), has cautioned that Bitcoin could reach its cycle top within four to five weeks.

    Their insights are based on:

    • Historical cycle patterns, showing similar late-stage euphoria before past peaks
    • Profit-to-loss ratios, which haven’t yet reached extreme overbought conditions
    • Long-term holder activity, indicating gradual profit-taking rather than full-scale distribution

    “The market appears euphoric,” they said, “but key peak indicators haven’t yet hit extremes.”

    This implies that Bitcoin might have one last upward surge left before the market transitions into its cooling phase.

    📊 Can Bitcoin Still Climb Higher?

    Some experts — like Fundstrat’s Tom Lee — believe Bitcoin could still surpass $200,000 by year-end. But Glassnode’s outlook suggests that such a move is unlikely in the short term.

    According to Polymarket data:

    • Only 1% probability of BTC reaching $200K in October
    • Around 7% chance before the end of 2025

    Still, analysts highlight several bullish factors:

    • Bitcoin is underperforming previous bull markets by ~10%, leaving potential upside
    • If BTC matches its 2021 ratio to gold, it could theoretically rise above $150,000
    • Institutional inflows remain strong, driven by ETF demand and macro uncertainty

    🔍 Key Support and Market Sentiment

    Bitcoin’s $120K–$123K range now acts as a critical support zone. Traders are watching this area closely because:

    • A break below could spark a deeper correction
    • Holding above support might set up another leg higher before the top

    Market indicators hint at rising volatility as traders position for either:

    • A parabolic final breakout, or
    • A longer consolidation phase before the next correction

    If Glassnode’s late-October to mid-November timeline is accurate, Bitcoin could soon enter its “grand finale” — a stage marked by rapid gains followed by sharp reversals.

    🧠 AI Satoshi’s Analysis

    Such late-cycle behavior reflects euphoria meeting exhaustion — a recurring pattern in Bitcoin’s history. On-chain data suggests momentum persists but is waning, with profit-taking and reduced long-term holder activity signaling an approaching transition. The market’s resilience now hinges on whether decentralized conviction outweighs speculative greed.

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    💬 Would you hold, sell, or accumulate during this late-cycle surge?

    ⚠️ Disclaimer: This content is generated with the help of AI and intended for educational and experimental purposes only. Not financial advice.