Citing BitcoinSistemi, cryptocurrency analytics firm Glassnode has warned that Bitcoin's market structure remains fragile amid rising unrealized and realized losses. The report highlights that two critical levels — the $95,000 cost-based quarterly rate of 0.75 and the $102,700 short-term investor cost floor — must be reclaimed for the market to gain strength. Current conditions show Bitcoin maintaining a True Market Average of $81,300, with prolonged sideways movement challenging investor psychology and increasing selling pressure. Off-chain indicators, including negative ETF flows and low liquidity, further signal market caution. Glassnode notes that improved liquidity and reduced seller pressure are essential for a breakout, otherwise Bitcoin may remain in a fragile range for an extended period.
Glassnode Warns Bitcoin Market Remains Fragile, Key Levels Must Be Surpassed
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Summary
Bitcoin news: Glassnode warns the Bitcoin market remains fragile, with key levels needing to be reclaimed for a turnaround. The $95,000 cost-based quarterly rate of 0.75 and the $102,700 short-term investor cost floor are critical. Bitcoin analysis shows a True Market Average of $81,300, with sideways movement increasing selling pressure. Off-chain indicators, including negative ETF flows and low liquidity, signal caution. A breakout depends on improved liquidity and reduced seller pressure.
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