{"id":80103,"date":"2026-04-09T17:16:36","date_gmt":"2026-04-09T17:16:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=80103"},"modified":"2026-04-09T17:16:36","modified_gmt":"2026-04-09T17:16:36","slug":"bitcoin-bounced-to-72000-but-glassnodes-data-tells-a-very-different-story","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=80103","title":{"rendered":"Bitcoin Bounced To $72,000, But Glassnode&#8217;s Data Tells A Very Different Story"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) bounced from $67,000 to $72,000, but Glassnode data reveals weak spot demand, contracting futures volume, and persistent long-term holder capitulation running above 4,000 BTC per day, suggesting the recovery lacks conviction.<\/p>\n<h3 class=\"wp-block-heading\">The Bear Market Zone<\/h3>\n<p>Bitcoin remains within bear market territory <a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-14-2026\/\">according<\/a> to key on-chain pricing models.\u00a0<\/p>\n<p>The realized price at $54,000 represents the average acquisition cost of all circulating supply. The True Market Mean at $78,000 narrows this calculation to only actively transacted coins.<\/p>\n<p>Price trading within this band is historically consistent with a market that has not transitioned into a sustainable recovery.\u00a0<\/p>\n<p>Bitcoin also trades below the Short-Term Holder Cost Basis at $81,600, the level at which recent buyers collectively break even.<\/p>\n<p>Until price reclaims $81,600, the mid to long-term bias tilts to the downside. Any rally into this zone will likely encounter meaningful distribution pressure from recent buyers seeking to &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/04\/51738301\/bitcoin-bounced-to-72000-but-glassnodes-data-tells-a-very-different-story?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" bounced to but glassnode data tells a very different story>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) bounced from $67,000 to $72,000, but Glassnode data reveals weak spot demand, contracting futures volume, and persistent long-term holder capitulation running above 4,000 BTC per day, suggesting the recovery lacks conviction. The Bear Market Zone Bitcoin remains within bear market territory according to key on-chain pricing models.\u00a0 The realized price at $54,000 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-80103","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/80103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80103"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/80103\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}