Glassnode: Bitcoin fractal mirrors early stage of 2023 bull run
- —Weekly Net Realized Profit/Loss is only a fraction of 2024 and 2025 peaks
- —Bitcoin broke above the True Market Mean at $77,000
- —The 2026 bear market was the shallowest: price never closed a day below Realized Price
- —NUPL never turned negative throughout the entire drawdown cycle
Why it matters: Low profit-taking during a breakout above key cost-basis levels has historically preceded further upside, though macro factors could still shift the picture.
Source: The Cryptonomist (IT)