The crypto market is regaining momentum, and one of the sector’s most closely followed research groups is calling for a historic breakout.
The founders of Glassnode, posting under the pseudonym “Negentropic,” believe the three largest momentum drivers in digital assets — Bitcoin, Ethereum, and Solana — are poised to set new records within weeks.
In a message shared on X, the analysts suggested that bears have only a narrow window left before the market’s direction is locked in. They expect Bitcoin, Ethereum, and Solana to print fresh highs in the next three to four weeks, calling September “the last chance” for skeptics to reposition.
Their forecast comes as prices continue to recover. Bitcoin is trading near $116,000, Ethereum has rebounded above $4,500, and Solana is changing hands around $237. For each of these assets, the distance to their prior peaks — $124,457 for Bitcoin, $4,953 for Ethereum, and $294 for Solana — has narrowed substantially.
The optimistic tone from Glassnode’s founders is not isolated. Other analysts, including Quantile Investing’s Miles Deutscher and independent strategist PlanC, have also highlighted conditions they believe could drive another leg higher. With macroeconomic factors aligning — from expectations of U.S. rate cuts to rising institutional inflows — sentiment is turning increasingly bullish.
For traders, the key question is whether this momentum can be sustained long enough to push through resistance and establish new highs. If the predictions hold, October could mark the next defining chapter of the current bull cycle.
