Glassnode: Bitcoin holds above realized price; $95k-$97k marks next major resistance

Glassnode's weekly report notes that Bitcoin has maintained its position above the realized price throughout the current cycle, a feat not achieved in previous bear markets. While short-term holders have largely returned to profitability, profit-taking remains modest. The next critical resistance zone is identified between $95,000 and $97,000, where option market maker hedging and the mean MVRV price converge. ETF inflows have rebounded, providing support, while the $77,000 level serves as a key support based on the true market mean.