According to glassnode, the latest Week On-Chain report highlights a significant rise in Bitcoin investor spending and exchange volume, indicating increased market activity. Surging derivatives trading also points to heightened speculative interest. Glassnode identifies $120,000 as the next major resistance level for BTC, emphasizing this price zone as a key area for traders to monitor. These trends suggest that Bitcoin's current momentum could either mark the start of a new bullish phase or signal upcoming volatility. Traders should closely track these metrics for actionable signals. (Source: glassnode, May 28, 2025)