Glassnode: Bitcoin's Expansion Bid Faded After NRPL Hit $17M/hr on March 20

Glassnode said in a March 20 X post that Bitcoin's recent attempt to shift into an expansion phase reversed after profit-taking intensified, as its NRPL (24h Moving Average) climbed to about $17 million per hour. The firm added that compressed "demand depth" amid geopolitical uncertainty has made the market less able to absorb large realization events, helping explain the drop below $70,000. Separately, analyst Darkfost noted that over 28,000 BTC were recently sent to exchanges, while BTC was last cited around $70,532.