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![glassnode Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1022821051187822593.png) glassnode [@glassnode](/creator/twitter/glassnode) on x 581.1K followers
Created: 2025-07-14 17:05:00 UTC

$BTC breached $120K - what’s next? This week’s Market Pulse breaks down the metrics behind the breakout and where pressure may build next.
Derivatives, spot, and on-chain indicators all show a market in high conviction - but also heightened risk:

![](https://pbs.twimg.com/media/Gv1U6EZXEAA8ctw.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944805339976622325/c:line.svg)

**Related Topics**
[onchain](/topic/onchain)
[$120k](/topic/$120k)
[$btc](/topic/$btc)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/glassnode/status/1944805339976622325)