{"id":95836,"date":"2026-04-01T21:20:08","date_gmt":"2026-04-01T18:20:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95836"},"modified":"2026-04-01T21:25:14","modified_gmt":"2026-04-01T18:25:14","slug":"bitcoin-stagnation-glassnode-highlights-lack-of-catalyst","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-stagnation-glassnode-highlights-lack-of-catalyst\/","title":{"rendered":"Bitcoin Stagnation: Glassnode Highlights Lack of Catalyst"},"content":{"rendered":"

Bitcoin remains within the $60,000 to $70,000 range as spot demand shows early absorption and derivative positions are being reassessed, according to the weekly report from Glassnode<\/a>.<\/p>\n

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“Volatility is decreasing and positions are balancing, but without a clear catalyst, the market lacks the confidence needed for a sustainable breakthrough,” analysts stated.<\/p>\n<\/blockquote>\n

One of the most persistent factors restraining growth is the significant volume of supply acquired at prices above $80,000, which is currently held at an unrealized loss.<\/p>\n

This group of investors, having endured more than six months of a bear market, faces two options: selling on any recovery to minimize losses or psychological capitulation as the downturn continues.<\/p>\n

A large cluster of wallets has now formed, having purchased bitcoin at prices ranging from $80,000 to $126,000.<\/p>\n

\"image\"
Clusters of BTC purchase price wallets. Source: Glassnode.<\/figcaption><\/figure>\n
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“To address this issue, it will likely require either a significant price drop to attract new buyers or a prolonged period during which these coins transfer to more committed holders,” experts noted.<\/p>\n<\/blockquote>\n

The indicator of the total number of coins in loss shows structural similarity to the conditions of the second quarter of 2022. The smoothed 30-day metric has exceeded the level of 8.4 million BTC.<\/p>\n

\"image\"
Total BTC in loss. Source: Glassnode.<\/figcaption><\/figure>\n

Simultaneously, realized losses of long-term holders are increasing, with the daily value rising to $200 million.<\/p>\n

\"image\"
Realized loss of long-term holders. Source: Glassnode.<\/figcaption><\/figure>\n
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“The spot markets show early signs of stabilization: the 30-day moving average of the spot volume delta on Coinbase has slightly increased to the positive side in recent data,” Glassnode emphasized.<\/p>\n<\/blockquote>\n

Nevertheless, the strength of the bears is reinforced by the increased interest in short positions in the derivatives market. The company believes that further buyer pressure will be needed for a more sustainable recovery.<\/p>\n

Back in late 2024, the gap between the spot and realized price of the leading cryptocurrency narrowed<\/a> from 120% to the current 21%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin remains within the $60,000 to $70,000 range as spot demand shows early absorption and derivative positions are being reassessed.<\/p>\n","protected":false},"author":1,"featured_media":95837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin remains within the $60,000 to $70,000 range as spot demand shows early absorption.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1145,1138],"class_list":["post-95836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-market-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin remains within the $60,000 to $70,000 range as spot demand shows early absorption.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95836","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=95836"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95836\/revisions"}],"predecessor-version":[{"id":95838,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95836\/revisions\/95838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95837"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}