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Bitcoin Bear Market Confirmation Still Pending, Glassnode Reports

Bitcoin Bear Market Confirmation Still Pending, Glassnode Reports

Published:
2025-04-21 19:54:10
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Glassnode’s latest report indicates that Bitcoin has not yet shown the historical confirmation of a bear market in the current cycle. The analysis focuses on the Unrealized Loss metric for long-term holders, which assesses the net loss positions of BTC addresses. Meanwhile, ETF buyers are re-entering the market, suggesting potential shifts in investor sentiment.

Bitcoin Bear Confirmation Yet to Appear, Glassnode Reveals

Glassnode has revealed in a report that the historical bear market confirmation is yet to appear for Bitcoin in the current cycle. The on-chain analytics firm discussed the trend in Unrealized Loss for long-term Bitcoin holders, an indicator that measures the total amount of loss BTC addresses are carrying. The metric works by analyzing the transfer history of each coin to determine if it is holding a net loss.

ETF Buyers Step Back In, But Bitcoin’s Underlying Metrics Stay Mixed

With a net inflow of $15.85 million since Monday, the market appears poised to close the week on a bullish note. This week’s resurgence in institutional inflows signals revived confidence among ETF investors. After Wednesday’s outflows, the immediate rebound suggests the dip was a brief setback. The renewed demand reflects growing conviction in Bitcoin’s long-term potential, even as short-term technical indicators continue to send mixed signals. On Thursday, BlackRock’s ETF IBIT recorded the largest daily net inflow, totaling $80.96 million.

How Will $2.2B Crypto Options Expiry Impact Markets?

Around 23,200 Bitcoin options contracts worth roughly $1.9 billion will expire on Friday, April 18. This week’s expiry is smaller than previous weeks but only marginally. Derivatives and spot crypto trading have been declining, so the impact on spot markets is likely to be minimal. The put/call ratio is 0.92, indicating closely matched short and long contract sellers. The max pain point is $82,000, and open interest is highest at the $100,000 strike price, suggesting a bullish sentiment shift.

Top 3 Cryptocurrencies To Watch This Weekend

The cryptocurrency market is holding steady after its recent recovery. Bitcoin (BTC) fell to below $75,000 and has since reclaimed the $84,000 mark. The global crypto market cap has dipped 2.1% in the last 24 hours to $2.75 trillion. President Trump’s 90-day pause on tariffs was a major catalyst for the crypto market recovery. Investor confidence rose as tensions settled. Trump also criticized Federal Reserve Chair Jerome Powell for being late in cutting interest rates. Inflation in the US came in lower than expected for March, leading many to believe a rate cut is imminent. A dip in interest rates could lead to a surge in crypto prices.

Bitcoin Approaches Key Inflection Point – $95,000 In Sight?

As Bitcoin (BTC) trades in the mid-$80,000 range, optimism on social media is strengthening. Crypto analysts suggest BTC may be gearing up for its next move upward, with some targeting $95,000. Macroeconomic uncertainty due to rising tariff tensions persists, but BTC has remained stable around the $84,000 mark. Santiment, a crypto market intelligence platform, noted an upswing in social sentiment toward BTC, with positive news outweighing negative coverage over the past week.

Bitcoin Stalls at $85K Amid Trump-Powell Tension

Bitcoin (BTC) was trading just below $85,000 on Thursday as tensions between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell created uncertainty for investors. Markets dipped on Wednesday after Powell’s hawkish comments, where he criticized Trump’s tariffs policy, warning of potential stagflation. Powell emphasized his focus on controlling prices, hinting at a tighter Fed policy than previously anticipated. Trump, who nominated Powell as Fed chair during his first term, has expressed dissatisfaction with him since returning to the White House.

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