Liquidity Will Decide Bitcoin’s Next Rally, Glassnode Says
Bulls have held the line above the $80,700‑$83,400 zone, but analysts argue that a sustained upside will only materialise once a crucial liquidity threshold is breached.
Key takeaways
- Realised profit‑loss ratio (90‑day MA) must stay above 5 for a robust price bounce; the metric has hovered near that level in recent weeks.
- More than 22 % of BTC‑supply is underwater, a stress level last seen in early‑2022 and mid‑2018, which makes the market vulnerable to further downside if support fails.
- Monthly inflows to Binance sit at about 5,700 BTC, roughly half
Source: https://cointelegraph.com/news/bitcoin-rallies-expected-to-be-short-lived-until-liquidity-returns-data?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
