Glassnode Data Shows Bitcoin Is in Late-Stage Bear Market

thecryptobasic2026-07-09 13:10:18

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Glassnode Data Shows Bitcoin Is in Late-Stage Bear Market

Bitcoin has remained in what Glassnode calls "deep value" territory for about five months, with no clear sign that the market has reached a bottom. According to the on-chain analytics firm, Bitcoin has traded below the True Market Mean of $76,600 and the Short-Term Holder Cost Basis of $72,200 since early February 2026.

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