{"id":22680,"date":"2025-04-03T12:20:00","date_gmt":"2025-04-03T09:20:00","guid":{"rendered":"https:\/\/forklog.com\/en\/glassnode-questions-bitcoins-reversal-after-stabilizing-above-80000\/"},"modified":"2025-04-03T12:20:00","modified_gmt":"2025-04-03T09:20:00","slug":"glassnode-questions-bitcoins-reversal-after-stabilizing-above-80000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/glassnode-questions-bitcoins-reversal-after-stabilizing-above-80000\/","title":{"rendered":"Glassnode Questions Bitcoin’s Reversal After Stabilizing Above $80,000"},"content":{"rendered":"

Despite the leading cryptocurrency holding above the demand zone of $76,000-$80,000, several on-chain metrics suggest this is a “hope rally” within a downtrend rather than a reversal, according to Glassnode<\/a>.<\/p>\n

Analysts note that since late February, the cryptocurrency has been trading within this range. Each sell-off towards the lows has been met with a swift recovery, indicating strong demand.<\/p>\n

Such episodes have been accompanied by the realized profit ratio falling below 1, indicating losses outweighing positive financial results. This imbalance is a sign of bear exhaustion, experts pointed out.<\/p>\n

\"1-1492\"
Data: Glassnode.<\/figcaption><\/figure>\n

Analysts found no signs of renewed and sustained strength, reflecting a market still experiencing emotional and financial “hangover” after the ATH<\/span> around $109,000.<\/p>\n

In a logarithmic scale, the indicator (90 DMA<\/span>) showed short-term spikes and did not break the broader downtrend. This does not provide sufficient grounds to suggest a structural shift in favor of the bulls, experts emphasized.<\/p>\n

\"2-1057\"
Data: Glassnode.<\/figcaption><\/figure>\n

Glassnode stated that with signs of weakening momentum and reduced profitability, the current structure meets almost all the characteristics of a typical bear market phase.<\/p>\n

According to analysts’ calculations, as of March 30, 4.7 million BTC were below the purchase price, which is less than the extreme values of mid-2021 during the previous downtrend.<\/p>\n

This scenario may indicate a lack of bull capitulation, which often lays the foundation for a new bull run.<\/p>\n

\"3-595\"
Data: Glassnode.<\/figcaption><\/figure>\n

Similar conclusions were drawn by experts based on the share of digital gold’s capitalization in loss according to the MVRV indicator. The metric rose to 2%, which is significantly lower than the figures of previous bear markets.<\/p>\n

\"4-368\"
Data: Glassnode.<\/figcaption><\/figure>\n

On average, investors acquired these coins at $96,700, implying a “paper” loss of 12%. This is one of the lowest levels of this MVRV in the current cycle, although it has not reached the deep lows observed in the past.<\/p>\n

\"5-226\"
Data: Glassnode.<\/figcaption><\/figure>\n

Earlier, CryptoQuant noted alarming signals for Bitcoin across four indicators. One of the verified authors confirmed<\/a> that MVRV does not yet indicate a bottom in the quotes.<\/p>\n

Nansen stated that the cryptocurrency market may reach a medium-term low<\/a> in the next two months amid global uncertainty regarding ongoing trade tariff negotiations.<\/p>\n

Back in the night of November 3, Bitcoin fell below $85,000<\/a> following the announcement by U.S. President Donald Trump of new tariffs for trading partners.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite the leading cryptocurrency holding above the demand zone of $76,000-$80,000, several on-chain metrics suggest this is a “hope rally” within a downtrend rather than a reversal, according to Glassnode. Analysts note that since late February, the cryptocurrency has been trading within this range. Each sell-off towards the lows has been met with a swift […]<\/p>\n","protected":false},"author":1,"featured_media":22679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1273,1150,1268],"class_list":["post-22680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-glassnode","tag-news-plus","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"69","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22680"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22679"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}