MarketPR
On-chain analytics firm Glassnode flagged that $BTC remains under bearish pressure even as the asset staged a recent rebound, according to reporting by FXStreet.
The assessment draws on chain-level data rather than price action alone, pointing to a gap between a short-term price recovery and any genuine shift in underlying market structure.
Rebound Without a Structural Turn Glassnode's read separates a price bounce from a trend reversal.
The firm's analysis, as relayed by FXStreet, holds that despite the recent uptick, bearish conditions have not cleared in the on-chain signals the firm monitors.
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