💸 #BTC Glassnode:
- In the absence of an unexpected macroeconomic catalyst, the true market price at $79,000 and the realized price at $54,900 will likely define the main resistance and support corridor for the medium-term market structure. - The defense of the $60,000,$69,000 range indicates that medium-term stock holders remain stable, allowing the market to #transition from impulsive declines to absorption within a #limited range. - As long as the realized profit/loss ratio does not return to a level above 2, signaling a resumption of profitability and an increase in liquidity inflow, the