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Glassnode: Bitcoin Remains in Deep Value, but Bottom Confirmation Signals Are Still Missing According to Glassnode, Bitcoin has traded below the True Market Mean of $76,600 and the short-term holder cost basis of $72,200 for about five months, keeping it in deep value territory
Bitcoin has stayed under the True Market Mean of $76,600 and the short‑term holder cost basis of $72,200 for about five months, keeping it in a deep‑value condition without clear bottom‑confirmation signals.
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What happened
Bitcoin has stayed under the True Market Mean of $76,600 and the short‑term holder cost basis of $72,200 for about five months, keeping it in a deep‑value condition without clear bottom‑confirmation signals.
Confirmed
Global impact / market context
A prolonged price gap below key cost levels means many holders are in loss, which can limit buying pressure and reduce Bitcoin’s liquidity (the ease of buying or selling) and overall investor confidence.
Analyst inference
Bitcoin has been trading below its long‑term average price of $76,600 and below the cost basis of recent investors at $72,200 for roughly five months, indicating a prolonged discount to perceived fair value.
Confirmed
What to watch
- Whether Bitcoin’s price breaks above the $72,200 short‑term cost level, which could signal the start of a recovery for recent investors. Analyst inference
- If the True Market Mean of $76,600 is breached, it may attract more buying as the asset appears less undervalued. Analyst inference
- Changes in on‑chain activity, such as increased holder accumulation, that could provide the missing bottom‑confirmation signals. Analyst inference
Affected assets
- BTC — Bitcoin