Bitcoin is currently trading below the realized price for short-term holders but remains well above deeper realized levels, according to Glassnode. The market is considered neutral at this stage. A rebound within these levels could signal the first major indication of a structural recovery.

$MON

MONUSDT

Perp

0.04172

+12.12%

$BTC

BTCUSDT

Perp

86,827.6

-1.92%