Glassnode: Bitcoin’s Rebound Is a Short-Term Rally, Not a Trend Reversal

BitcoinWorld Glassnode: Bitcoin’s Rebound Is a Short-Term Rally, Not a Trend Reversal Blockchain analytics firm Glassnode has cautioned that Bitcoin’s recent price recovery is likely a short-term rally rather than a genuine trend reversal.

The firm’s latest on-chain report highlights that key market metrics remain weak, suggesting the cryptocurrency has not yet exited the capitulation phase that has defined much of the current cycle.

Key On-Chain Metrics Still Point to Weakness Glassnode’s analysis notes that Bitcoin continues to trade below the short-term holder cost basis, estimated at around $68,500, and the realized market mean price of $75,800.

These levels are critical because they represent the average acquisition price for recent buyers and the overall market participant base, respectively.