Bitcoin: On-Chain Data Signals Market Floor Near $60K

Bitcoin native fell to nearly $60K as losses mounted and recent buyers came under pressure according to Glassnode on-chain analysis.

Improving liquidity, stronger passive bids and patient ETF holders suggest the market may be building a floor amid broader BTC price action.

Price currently sits at $65482.98 inside Bollinger Bands with upper resistance at $67405.0 while the 4h structure holds above EMA50 support at $64883.18 despite the MACD death cross; neutral RSI at 52.35 keeps room for continuation once volatility exhausts toward lower band support at $64002.95 before any sustained recovery attempt.