#bitcoin
$BTC on the verge of a bull run? What does Glassnode on-chain data say 📊
Despite BTC’s rise to $76,000, the market is in an “early recovery” phase. Here are the key takeaways from the latest report:
• Clean Zone: There is low resistance between $72,000 and $82,000 (according to URPD). If the momentum continues, the price can move quite freely in this range.
• Profitability Level: Currently, 60% of $BTC supply is in profit. To confirm a real “bullish” trend, this indicator must confidently consolidate above 75%.
• Seller Pressure: Short-term holders are recording profits at a rate of $18.4 million per hour. The main question is whether the market can “digest” this sale and hold support above $70,000.
• Technical Barrier: To break the bearish structure, $BTC needs to break the previous high near $97,855.
⚠️ Conclusion: Bull run vibes have appeared, but CryptoQuant and Glassnode indicators are still calling for caution. The market is still in the decision-making zone.
