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Glassnode Says Bitcoin Rebounds Remain Local Rallies, Not a Trend ReversalBitcoin remains below both the roughly $68,500 Short-Term Holder Cost Basis and the $75,800 True Market Mean, with Glassnode’s on-chain models continuing to place the market in a capitulation regime. Relative Unrealized Loss peaked at only about 25%, well below the more than 60% seen in previous cycles, while the 90-day Realized Profit/Loss Ratio remains at 0.75, above the sub-0.5 level historically associated with seller exhaustion.P ...