Glassnode signals extended Bitcoin consolidation as BTC trades between $55K and $79.2K range

Glassnode’s Feb. 11 on-chain report indicates Bitcoin is trading in a range defined by a True Market Mean near $79,200 and a realized price around $55,000, similar to conditions seen in early 2022. Analysts say that without a decisive move above $72,000 or a major downside shock, BTC could remain in a prolonged consolidation as heavy overhead supply and whale positioning limit upside momentum.