$BTC correction this cycle has been relatively shallow, and Glassnode’s latest on-chain data helps explain why the market structure has remained intact.
Bitcoin never closed below its Realized Price during the current downturn, while Net Unrealized Profit/Loss (NUPL) stayed positive.
Long-term holders also remained in profit even as their unrealized gains compressed, meaning the market avoided the deep loss conditions seen in previous bear markets.
Profit-taking also remains well below the levels seen around the 2024 to 2025 market tops, although long-term holders have increased selling recently.
Bitcoin is currently holding above the True Market Mean near $77,200, with the $85K to $85.5K area acting as immediate resistance.
The key takeaway is simple: the correction has reduced excess without creating the kind of widespread losses that normally define a deeper market breakdown.
#BTC Price Analysis# #BTC Price Analysis#
Bitcoin never closed below its Realized Price during the current downturn, while Net Unrealized Profit/Loss (NUPL) stayed positive.
Long-term holders also remained in profit even as their unrealized gains compressed, meaning the market avoided the deep loss conditions seen in previous bear markets.
Profit-taking also remains well below the levels seen around the 2024 to 2025 market tops, although long-term holders have increased selling recently.
Bitcoin is currently holding above the True Market Mean near $77,200, with the $85K to $85.5K area acting as immediate resistance.
The key takeaway is simple: the correction has reduced excess without creating the kind of widespread losses that normally define a deeper market breakdown.
#BTC Price Analysis# #BTC Price Analysis#
