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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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MAGAZINE
Iolite Vol.21

Iolite Vol.21

September 2026 issueReleased on 2026/07/30

Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more

MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30
Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more