Key Metrics for Bitcoin’s Strong Uptrend According to Glassnode
- Bitcoin Risk Signal is crucial, indicating potential price drawdown risks.
- Three elements needed: market sensitivity, network activity, and a risk-off signal.
- Bitcoin’s Accumulation Trend Score has risen above 0.1 since March 11th.
- The realized cap net position change is up by 0.67%.
- Bitcoin is trading at $86,272, with a 3.6% increase in the last 24 hours.
Glassnode co-founders highlight that aligning key metrics such as market sensitivity and network activity is essential for Bitcoin to enter a strong uptrend. The current Accumulation Trend Score and realized cap net position change indicate early signs of market recovery.
Source (2.6)https://dailyhodl.com/2025/03/20/bitcoin-btc-needs-three-elements-to-rally-with-conviction-according-to-glassnode-co-founders/?rand=59076
