{"id":7658,"date":"2026-03-20T07:23:36","date_gmt":"2026-03-20T07:23:36","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=7658"},"modified":"2026-03-20T07:23:36","modified_gmt":"2026-03-20T07:23:36","slug":"glassnode-says-bitcoin-enters-open-zone-as-rally-signals-fragile-recovery","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=7658","title":{"rendered":"Glassnode Says Bitcoin Enters \u201cOpen Zone\u201d as Rally Signals Fragile Recovery"},"content":{"rendered":"

<\/p>\n

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  • Glassnode data shows Bitcoin has entered a thinly accumulated range between US$72K and US$82K where on-chain resistance is minimal.<\/span><\/li>\n
  • Only about 60% of Bitcoin\u2019s supply is in profit, a level historically linked to first-bounce exhaustion at cycle bottoms rather than confirmed bull market transitions.<\/span><\/li>\n
  • Institutional ETF holders maintained positions through a 50% drawdown, but short-term holders are taking profits at US$18.4 million per hour, and March ETF inflows have dropped 73% from February\u2019s peak.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitcoin (BTC) rose back above US$74K (AU$104K), moving into a price range with relatively little on-chain supply, according to Glassnode.\u00a0<\/p>\n

    The on-chain platform said the US$72K to US$82K (AU$115K) zone saw limited accumulation during the recent decline, which may reduce near-term selling pressure. It identified US$78K (AU$106K) as the next key on-chain level.<\/p>\n

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    Regardless of longer-term resolution, the $72k\u2013$82k air gap defines the most probable trading range in the short-term.<\/em><\/p>\n<\/div>\n

    \n Glassnode <\/div>\n<\/div>\n

    Related: Arizona AG Charges Kalshi With Illegal Gambling Over Election Betting<\/strong><\/p>\n

    What\u2019s Behind The Rebound?<\/h2>\n

    The rebound has been led mainly by spot demand. US spot Bitcoin ETFs have seen renewed inflows, while CME futures open interest has remained muted.\u00a0<\/p>\n

    Negative funding rates also suggest traders are still positioned for downside. Popular crypto analyst Ali Martinez said similar setups in recent years have preceded relief rallies.<\/p>\n

    However, Glassnode noted that only 60% of Bitcoin supply is in profit, below the roughly 75% level typically seen in stronger expansion phases. Short-term holders are also selling into strength at about US$18.4 million (AU$25 million) per hour near US$74K.<\/p>\n

    Besides, ETF demand seems to be cooling as March inflows were about US$890 million (AU$1.2 billion), down from US$3.3 billion (AU$4.9 billion) in February. Some analysts said the latest jump was driven more by short covering after US strikes on Iran than by fresh conviction buying.<\/p>\n

    After the Federal Reserve held rates at 3.50% to 3.75% on March 18 and raised its inflation forecast to 2.7%, Bitcoin fell about 4% to US$71,600 (AU$109,548).<\/p>\n

    Related: Moody\u2019s Launches Onchain Credit Ratings System for Institutional Markets<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Market Analysis#Glassnode #Bitcoin #Enters #Open #Zone #Rally #Signals #Fragile #Recovery1773991416<\/p>\n","protected":false},"excerpt":{"rendered":"

    Glassnode data shows Bitcoin has entered a thinly accumulated range between US$72K and US$82K where on-chain resistance is minimal. Only about 60% of Bitcoin\u2019s supply is in profit, a level historically linked to first-bounce exhaustion at cycle bottoms rather than confirmed bull market transitions. Institutional ETF holders maintained positions through a 50% drawdown, but short-term<\/p>\n","protected":false},"author":1,"featured_media":7659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,241,3105,2858,779,541,662,206,841],"class_list":{"0":"post-7658","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-enters","10":"tag-fragile","11":"tag-glassnode","12":"tag-open","13":"tag-rally","14":"tag-recovery","15":"tag-signals","16":"tag-zone"},"yoast_head":"\nGlassnode Says Bitcoin Enters \u201cOpen Zone\u201d as Rally Signals Fragile Recovery - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=7658\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glassnode Says Bitcoin Enters \u201cOpen Zone\u201d as Rally Signals Fragile Recovery\" \/>\n<meta property=\"og:description\" content=\"Glassnode data shows Bitcoin has entered a thinly accumulated range between US$72K and US$82K where on-chain resistance is minimal. 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