coin-img-ETHETH-0.12%coin-img-BTCBTC+1.64%coin-img-SOLSOL+3.15%coin-img-XRPXRP+0.65%coin-img-ULTIMAULTIMA+0.37%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE+1.43%coin-img-TRXTRX+1.42%coin-img-ETHETH-0.12%coin-img-BTCBTC+1.64%coin-img-SOLSOL+3.15%coin-img-XRPXRP+0.65%coin-img-ULTIMAULTIMA+0.37%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE+1.43%coin-img-TRXTRX+1.42%coin-img-ETHETH-0.12%coin-img-BTCBTC+1.64%coin-img-SOLSOL+3.15%coin-img-XRPXRP+0.65%coin-img-ULTIMAULTIMA+0.37%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE+1.43%coin-img-TRXTRX+1.42%coin-img-ETHETH-0.12%coin-img-BTCBTC+1.64%coin-img-SOLSOL+3.15%coin-img-XRPXRP+0.65%coin-img-ULTIMAULTIMA+0.37%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE+1.43%coin-img-TRXTRX+1.42%
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Martin Young

Bitcoin Trades in Tight Range Below True Market Mean as Analysts Watch Realized Price Near $55,000

On Wednesday, Glassnode reported that Bitcoin has slipped below its True Market Mean and is now moving toward the Realized Price of about $54,900, with spot and ETF demand remaining weak. The firm said the asset is in a controlled consolidation phase, while the Accumulation Trend Score and negative Spot CVD show sellers dominate order flow. Bitcoin briefly dipped under $66,000 in late Wednesday trading and failed to hold $67,000 on Thursday in Asia, reinforcing a bearish outlook.
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