Glassnode analysis shows Bitcoin rally strength continues despite sideways trading after recent all-time high, with activity up across all market sectors.
Investor profitability and spending have increased notably but remain below prior bull market peaks, suggesting further upside potential before overextension.
Analysts identify US$120k as the next key resistance zone where sell-side pressure is expected to accelerate based on historical on-chain models.
Trump's tariff threats create market uncertainty, but a recent court ruling declares 'reciprocal tariffs' illegal, though the current administration plans to appeal.