Glassnode: Bitcoin Is Back At $96K, Hitting The Same Sell Ceiling Again

2 hours ago

Bitcoin’s early-2026 bounce has pushed back into a

Glassnode: Bitcoin Is Back At K, Hitting The Same Sell Ceiling Again

Glassnode: Bitcoin Is Back At $96K, Hitting The Same Sell Ceiling Again

Bitcoin’s early-2026 bounce has pushed back into a familiar problem area: a dense pocket of overhead supply that Glassnode says has repeatedly capped rallies since November. In its latest Week On-chain report, the analytics firm frames the move above $96,000 as constructive on the surface, but still largely dependent on derivatives positioning and liquidity conditions rather than persistent spot accumulation.

Bitcoin long-term holder cost basis distribution heatmap | Source: Glassnode
Bitcoin short-term holder cost basis | Source: Glassnode
DAT netflows | Source: Glassnode
Cumulative Volume Delta Bias | Source: Glassnode
Bitcoin holds above the 0.618 Fib, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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