❗️Bitcoin Trapped Below $79K: On-Chain "Compression" is Here! BTC remains stuck below the True Market Mean (~$79,000), signaling a shift from expansion to a defensive range-bound phase. Without a macro catalyst, the ceiling remains heavy. 🔺US Spot ETFs are facing their 5th straight week of outflows, with $3.8B+ pulled in the last month. Institutional demand has stalled. 🔺With the US Treasury draining $150B in liquidity and "Extreme Fear" (Index 11/100) hitting the market, the structural bid is thin. 🔺 Bulls are defending the $60K–$69K zone, but a break below $65.7K could trigger a swift retest of the $54.9K Realized Price floor. 📍The market isn't broken, but it is deleveraging. Recovery requires a reclaim of $79K. #Bitcoin #BTC2026 #Glassnode #CryptoAnalysis