Bitcoin trades in a tight demand zone that formed in 2024, but previous bear market data suggest the channel will break and lead to new lows.Bitcoin’s (BTC) marketBitcoin trades in a tight demand zone that formed in 2024, but previous bear market data suggest the channel will break and lead to new lows.Bitcoin’s (BTC) market

‘Resilient’ Bitcoin holders defend BTC, but bear floor sits 20% lower: Glassnode

2026/02/20 02:12
1 min read

Bitcoin trades in a tight demand zone that formed in 2024, but previous bear market data suggest the channel will break and lead to new lows.

Bitcoin’s (BTC) market structure shifted into a corrective phase after losing a key onchain valuation level in late January.

‘Resilient’ Bitcoin holders defend BTC, but bear floor sits 20% lower: Glassnode

Glassnode data shows that BTC's price is compressing within a 2024-era demand zone as liquidity conditions soften. At the same time, BTC's supply is steadily shifting into long-term, retail-linked wallets while exchange activity has cooled.

This mix of technical and onchain data, along with the current capital rotation, may shape the next steps for Bitcoin price.

Read more

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