Glassnode Says Bitcoin Enters “Open Zone” as Rally Signals Fragile Recovery
Glassnode data shows Bitcoin has entered a thinly accumulated range between US$72K and US$82K where on-chain resistance is minimal. Only about 60% of Bitcoin’s supply is in profit, a level historically linked to first-bounce exhaustion at cycle bottoms rather than confirmed bull market transitions. Institutional ETF holders maintained positions through a 50% drawdown, but short-term…