Bitcoin has reclaimed its True Market Mean, with Glassnode describing the move as a return to a bullish regime.
The True Market Mean represents the average price paid by active Bitcoin investors, making the level an important measure of the market’s cost basis. BTC recently traded below it, so reclaiming it puts the market back above a key on-chain threshold.
The next levels traders are watching are around $80K, where corporate treasury holders have their cost basis, followed by roughly $85K, where the ETF cost basis sits.
BTC is back above the mean.
#BTC Price Analysis# #BTC Above 60K# $BTC
The True Market Mean represents the average price paid by active Bitcoin investors, making the level an important measure of the market’s cost basis. BTC recently traded below it, so reclaiming it puts the market back above a key on-chain threshold.
The next levels traders are watching are around $80K, where corporate treasury holders have their cost basis, followed by roughly $85K, where the ETF cost basis sits.
BTC is back above the mean.
#BTC Price Analysis# #BTC Above 60K# $BTC
