Bitcoin Market Caution Rises After Failed Breakout: Glassnode Data
The Bitcoin market remains subject to high uncertainty, with bearish sentiments at heightened levels. In the last week, the premier cryptocurrency attempted another failed breakout as prices faced stiff resistance at the $75,000 level. With Bitcoin now back to around $70,000, Glassnode data on the options market shows that traders are pushing for more downside protection alongside expectations of low market volatility. Related Reading: Pundit Shares Everything To Understand About Bitcoin, ‘This Cycle IS Different’ Bitcoin Open Interest Hits New ATH – What Does It Mean? In an X post....
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The Bitcoin market commenced an extended bearish phase in October 2025, after an initial flash crash triggered a 19% decline from the present all-time high at $126,000. In the subsequent months, Bitcoin would experience a steady loss combined with major drawdown moments, eventually pulling its price to a local bottom of $60,000, before entering a mid-term consolidation phase. In the last month, Bitcoin has shown a moderate recovery with a net gain of 4.89%, with prices trading as high as $75,000. While this recent performance may be indicative of a stabilizing market, recent data on the....
Bitcoin (BTC) has settled back into the familiar consolidation band between roughly $65,000 and $74,000 after a short-lived attempt to clear higher resistance walls at around $76,000 earlier in the week failed. Trading around $69,000 at the time of writing, on-chain analytics from Glassnode and market commentary from analysts suggest the market is likely to remain in an accumulation phase through the end of March, with several indicators pointing to lower near-term volatility but heightened defensive positioning. Rising Demand For Downside Protection Glassnode’s posts on X (formerly....
The 2022 crypto winter seems to be one of the most severe bearish trends in cryptocurrency history. This saw the entire crypto market cut down by over 50% in value since the beginning of the year. Also, the situation in the crypto market got worse with the collapse of the Terra-LUNA ecosystem. However, the crypto market is recovering slightly from its trauma in the year’s first half. Bitcoin price is suddenly picking up despite its week’s instability and swings. Related Reading: Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next? According to the data from....
The Bitcoin market experienced another eventful trading week marked by multiple failed breakouts from the $115,000 resistance zone despite the announcement of another interest rate cut by the US Federal Reserve. As price action presently consolidates around $110,000, data from the Bitcoin Options market has provided insights into traders’ behavior and general sentiment. Related Reading: […]
Bitcoin has climbed back toward a key on-chain resistance zone, but Glassnode says the move still looks more like a fragile rebound than the start of a fully convincing trend shift. In its latest The Week On-chain report, the analytics firm said Bitcoin was trading near $74,000, roughly 5.2% below the True Market Mean at $78,100, a level it framed as the market’s most important near-term test. Glassnode’s central argument is that the market has improved enough to keep the rally alive, but not enough to remove the structural risks overhead. Spot demand has recovered, ETF flows have turned....