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Blockchain analytics firm Glassnode released a new report on Wednesday highlighting a growing list of warning signals for Bitcoin (BTC), as the market’s leading cryptocurrency slid back to the $72,000 level during the latest market downturn.
The firm’s findings suggest that both structural and behavioral indicators are aligning around a more defensive market phase, raising concerns about near‑term stability.
Shift Toward Deeper Bear Phase
Glassnode pointed first to the breakdown of the True Market…