Glassnode: bitcoin back above 'True Market Mean' price
- —BTC has returned above the True Market Mean — a signal of a shift to bullish sentiment
- —Resistance around $80,000 is the average purchase price of corporate treasuries
- —The next level is $85,000, the cost basis of spot ETF positions
Why it matters: A return above holders' average price reduces selling pressure and could open the path to $80,000–85,000.
Source: PANews