Bitcoin Never Closed Below Realized Price in 2026 Bear Market, Glassnode Says
- —NUPL stayed positive throughout the cycle, unlike 2018 and 2022 when it collapsed deep into negative territory
- —The largest long-term-holder supply cluster sits at $84,000-$85,000, with next resistance at the mean MVRV of $96,700
- —U.S. spot Bitcoin ETFs took in roughly $1.3 billion over five trading days after two weeks of net outflows
- —Spot volume is up 121% from its August trough, the first volume spike in a year to coincide with rising price
Why it matters: Holding above $84,000 keeps the path to $96,700 open, while a break below $77,000 would invalidate the shallow-bear-market thesis.
Source: Cryptonews.com