Growth in Bitcoin's Value Propelled by Large-Scale Investors and Cryptocurrency Whales, While Ethereum Experiences a Shift in Buying Patterns: According to Glassnode
In the dynamic world of cryptocurrencies, recent developments have painted a mixed picture for leading digital assets such as Bitcoin, Ethereum, and Solana.
**Bitcoin**
At the time of writing, Bitcoin is trading at $119,046.90, showing a minimal increase of 0.04%. While there are no direct Glassnode analyses for Bitcoin specifically on July 22, 2025, broader market commentary indicates a technical consolidation phase around a strong resistance band between $118,500 and $123,000. The outcome largely depends on continued inflows into Bitcoin ETFs and broader investor engagement, with a potential breakout above this level propelling Bitcoin towards a $135,000 target.
**Ethereum**
Glassnode’s most recent Ethereum analysis, published around July 22, 2025, highlights several key insights. Since early July, there has been noticeable profit-taking among buyers who acquired Ethereum around the $2,520 mark. Despite this, these buyers still hold nearly 2 million ETH, suggesting a strategic approach to realizing some gains while maintaining significant exposure. The ongoing profit-taking coincides with strong expectations for further price increases, with new buying demand absorbing the sold supply, pointing to a bullish undercurrent.
Ethereum’s spot price is currently above all three of Glassnode’s pricing models: Realized Price (~$2,100), True Market Mean (~$2,500), and Active Realized Price (~$3,000), with a majority of holders in profit. The report specifically notes a historically significant price level, which, if breached, could indicate the market is entering an overheated phase. Currently, ETH is moving toward this active realized price level, which could signal heightened speculation and risk if surpassed decisively.
Ethereum-Based Memecoin PEPETO has raised over $5.5 million in its presale, and the crypto giant is experiencing a renewed influx of first-time investors. There has been a 16% increase in supply held by first-time buyers since early July.
**Solana**
No direct Glassnode analysis of Solana (SOL) as of July 22, 2025, appears in the search results. However, broader market commentary notes that Solana, along with other prominent altcoins like Cardano, has been rallying in tandem with Ethereum’s recent surge. Increased activity and price appreciation in Solana may be part of a broader altcoin revival, but there is no specific on-chain data or Glassnode commentary regarding Solana’s individual metrics in these results.
Solana may be poised for a significant upside burst, as it has taken out a key resistance area at around $190. The alignment across wallet sizes for Bitcoin suggests broad-based conviction behind the current BTC uptrend, while the renewed interest in Ethereum and the potential upside burst in Solana indicate a positive outlook for the crypto market.
For the most precise and current Glassnode insights, refer directly to their official weekly reports, as the summaries here are based on available third-party coverage and broader market context.
The current increase in first-time investors purchasing Ethereum-Based Memecoin PEPETO could potentially impact the price of altcoins in crypto trading, considering the renewed interest in Ethereum. Meanwhile, despite the absence of a direct Glassnode analysis on July 22, 2025, broader market commentary suggests a potential upside burst for Solana, aligning with the recent surge noticed in Ethereum and other prominent altcoins.
This ongoing momentum in Ethereum and other altcoins, combined with active investor engagement in Bitcoin ETFs, could potentially push Bitcoin towards a $135,000 target. Various pricing models for Ethereum, such as Realized Price, True Market Mean, and Active Realized Price, indicate a majority of holders are currently in profit, highlighting the lucrative potential of cryptocurrency investments in finance.
