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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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➜ Click the Link to Enter: https://gate.onelink.me/Hls0/group?chatroom=groupGate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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Bitcoin Remains Trapped in ‘Fragile Range’: Glassnode - Unchained
Bitcoin hasn’t had the best year, losing 13% year-to-date after effectively erasing all its 2025 gains in the last two months.
Onchain analytics firm Glassnode said the road to recovery is weighed down by heavy overhead supply, rising loss realization and fading demand
This story is an excerpt from the Unchained Daily newsletter.
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“Bitcoin remains confined within a structurally fragile range, with recent rejection near $93k and a gradual drift lower toward $85.6k highlighting persistent overhead supply,” Glassnode wrote.
The analysts concluded that a leg higher would require either seller exhaustion or a renewed influx of liquidity capable of absorbing supply.
Bitcoin has seen more than six large liquidation events this year, with total yearly liquidations exceeding tens of billions. Unlike previous cycles, the negative price action comes in a year that has been devoid of major catalysts like the FTX collapse in 2022 and the ICO bubble bursting in 2018.