Glassnode: Bitcoin Stuck in Consolidation, Not Ready for Bullish Reversal
Glassnode’s latest assessment concludes that both on-chain and off-chain indicators point to a market “stuck in consolidation,” stabilizing after recent moves but not yet signaling a sustainable bullish reversal. The report highlights that while volatility and some risk metrics have eased, the data does not show the decisive accumulation pattern or momentum typically seen before multi-week uptrends.
For traders and investors, the takeaway is caution: expect extended sideways trading and watch for concrete catalysts—such as large inflows, clear shifts in realized prices, or macro events—that could break the current range. Glassnode’s reading underscores the importance of risk management and patience, as premature bullish bets could be vulnerable until the on-chain picture confirms a trend change.