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What Conditions are Necessary for a Bitcoin Turning Point? 'Deep Value' Continues for Five Months, According to Glassnode

2026/07/09 11:27 (Updated 2026/07/09 15:01)
CoinPost
Written by A.Yamada
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What Conditions are Necessary for a Bitcoin Turning Point? 'Deep Value' Continues for Five Months, According to Glassnode

Are Sales by Long-Term Holders the Main Cause of the Decline?

Are Sales by Long-Term Holders the Main Cause of the Decline?

On-chain analytics firm Glassnode released its weekly market report on the 8th, highlighting that Bitcoin (BTC) has been trading below the primary acquisition cost (cost basis) of major investors for five months, remaining in what is statistically considered a 'deep value' zone.

While the process of forming a market bottom is progressing, it has not yet been completed, the report analyzes.

Glassnode also notes recent purchases and overall market...

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Iolite Vol.20

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MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.