Glassnode: Bitcoin 13% away from valuation threshold that preceded past rallies
- —Bitcoin is 13% away from Glassnode's long-term valuation line
- —Past cycles saw 32x, 7.8x and 3.3x gains after the first close above it
- —Cycle peaks usually came more than a year after that first close
Why it matters: A confirmed break above the threshold could signal the start of a stronger upside phase.
Source: Koin Bülteni
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