Glassnode said in a post on X that Bitcoin still looks bullish across multiple cost-basis models and time frames. The firm said BTC is currently trading above both the realized market mean and the short-term holder cost basis. According to Glassnode, periods when Bitcoin holds above those levels have historically been associated with continued upside in the trend. The update was cited by Techub News as a market analysis flash item. No additional price figures or time-specific model readings were disclosed in the post summary.
Glassnode said in a post on X that Bitcoin remains in a bullish position when viewed across multiple cost-basis models and time frames.
The firm said BTC is currently trading above the realized market mean and the short-term holder cost basis. Historically, Glassnode said, price action that stays above those levels has usually aligned with a continuing uptrend.
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