Bitcoin is Ready For a Sustained Rally, But Spot Demand Must Show Support
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On-chain metrics from Glassnode show Bitcoin's network activity rebounding toward an "inflection zone", suggesting the crypto may have established a bottom and is poised for a sustained rally. Continued upside depends on the return of consistent spot demand amid macro headwinds like the US-Iran war that are keeping investors sidelined.
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- Bitcoin’s network activity suggests the cryptocurrency has established a bottom.
- Increased and consistent spot demand will give Bitcoin the push needed for a rally.
- Macroeconomic factors like the US-Iran war are keeping investors away from Bitcoin.
On-chain data suggests a boost in Bitcoin’s bullish trajectory. However, the cryptocurrency will require the return of spot demand to sustain the bullish momentum that began in February 2026.
Bitcoin is Approaching an “Inflection Zone”
According to Glassnode’s latest report, Bitcoin is approaching an “inflection zone,” characterized by a quickly rebounding network activity. Historically, surges in network activity above the 60 level on Glassnode’s platform have coincided with the end of local bottoms and the return of stronger market conditions.
Although these signals have aligned on Glassnode’s n…
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