{"id":8903,"date":"2026-05-07T06:40:40","date_gmt":"2026-05-07T06:40:40","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8903"},"modified":"2026-05-07T06:40:40","modified_gmt":"2026-05-07T06:40:40","slug":"bitcoin-reclaims-key-on-chain-levels-as-etf-demand-and-short-pressure-fuel-breakout","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8903","title":{"rendered":"Bitcoin Reclaims Key On-Chain Levels as ETF Demand and Short Pressure Fuel Breakout"},"content":{"rendered":"

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  • Glassnode said Bitcoin broke above the US$78,200 True Market Mean and US$79,100 short-term-holder cost basis.<\/span><\/li>\n
  • The analytics firm put the next major resistance near US$85,200 as ETF demand rebuilds and short positioning persists.<\/span><\/li>\n
  • Realized Loss remains elevated at US$479 million per day, leaving the recovery short of full confirmation.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitcoin has reclaimed two key on-chain levels tracked by Glassnode, pushing above US$78,200 (AU$108K) and US$79,100 (AU$109K).<\/p>\n

    According to Glassnode\u2019s May 6 Week On-Chain report, Bitcoin broke above the True Market Mean at US$78,200 and the Short-Term Holder Cost Basis at US$79,100, so holding above those levels suggests the recent deep-value phase was short-lived rather than the start of a deeper structural breakdown.<\/p>\n

    The move follows weeks of pressure around the same zone. Glassnode\u2019s prior Week 16 report said Bitcoin had reclaimed the US$78,100 (AU$107.9K) True Market Mean for the first time since mid-January, while its Week 11 report had flagged a thinly accumulated air gap between US$72,000 (AU$100K) and US$82,000 (AU$114K).<\/p>\n

    Read more: Uphold Pays US$5M Over Collapsed CredEarn Crypto Scheme<\/strong><\/p>\n

    The Next Resistance Zone<\/h2>\n

    Glassnode now puts the next major resistance near US$85,200 (AU$118.4K), above the volatile US$82,000 (AU$114K) options gamma zone flagged in the brief.<\/p>\n

    The analytics firm said Bitcoin is showing early signs of structural recovery, but not a confirmed durable regime. ETF demand is building again, and derivatives positioning remains skewed toward shorts, creating conditions where further upside could be amplified by short pressure.<\/p>\n

    Likewise, Glassnode said the 30-day SMA of Net Realized Profit\/Loss turned positive at 0.003% of market capitalisation, a sign that realised gains are starting to outweigh realised losses across the network.\u00a0<\/p>\n

    Long-term holder realised profit rose to roughly US$180 million (AU$250.2 million) per day, comparable with September 2024 and December 2022. Glassnode said that remains far below cycle peak levels above US$1 billion (AU$1.39 billion) per day, meaning the current move has not yet reached euphoric distribution conditions.<\/p>\n

    Generally speaking, a controlled profit-taking is healthier than a sudden flood of supply, so if Bitcoin can absorb all the long-term holder selling while holding reclaimed cost-basis levels, the rally has a stronger case for continuation.<\/p>\n

    However, losses remain elevated at US$479 million (AU$665.8 million) per day, about 140% above the cycle baseline.<\/p>\n

    Read more: Crypto\u2019s Future Won\u2019t Wait on Congress: Industry Pushes Ahead With or Without CLARITY Act<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,ETF#Bitcoin #Reclaims #Key #OnChain #Levels #ETF #Demand #Short #Pressure #Fuel #Breakout1778136040<\/p>\n","protected":false},"excerpt":{"rendered":"

    Glassnode said Bitcoin broke above the US$78,200 True Market Mean and US$79,100 short-term-holder cost basis. The analytics firm put the next major resistance near US$85,200 as ETF demand rebuilds and short positioning persists. Realized Loss remains elevated at US$479 million per day, leaving the recovery short of full confirmation. Bitcoin has reclaimed two key on-chain<\/p>\n","protected":false},"author":1,"featured_media":8904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,370,693,231,754,1562,2442,492,534,2310,67],"class_list":{"0":"post-8903","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-breakout","10":"tag-demand","11":"tag-etf","12":"tag-fuel","13":"tag-key","14":"tag-levels","15":"tag-onchain","16":"tag-pressure","17":"tag-reclaims","18":"tag-short"},"yoast_head":"\nBitcoin Reclaims Key On-Chain Levels as ETF Demand and Short Pressure Fuel Breakout - 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=8903\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Reclaims Key On-Chain Levels as ETF Demand and Short Pressure Fuel Breakout\" \/>\n<meta property=\"og:description\" content=\"Glassnode said Bitcoin broke above the US$78,200 True Market Mean and US$79,100 short-term-holder cost basis. 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