Bitcoin Reclaims $60K as Glassnode Data Signals Renewed Long-Term Accumulation

Bitcoin (BTC) has climbed back above the $60,000 mark after briefly falling to its lowest level in 21 months earlier this week, offering fresh optimism for investors despite the cryptocurrencys nearly 20% decline in June. While recent price action has fueled bearish sentiment across the market, new blockchain data from Glassnode suggests that underlying on-chain fundamentals are beginning to improve. According to Glassnode, one of the strongest bullish signals comes from the long-term holder net position change, which has returned to positive territory after an extended period of…  Read more

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