Bitcoin Bull Run 'Still Early' as BTC Remains Below Key Level
Cointelegraph
Analysts at Glassnode and Axel Adler Jr. warn that weak capital inflows suggest it is premature to declare a new Bitcoin bull market.Summary
Despite Bitcoin price gains exceeding $76,000, analysts argue that a new bull market has not yet begun. Data from Glassnode indicates that Bitcoin remains below its true market mean of $78,013, leaving active investors in a loss position. Furthermore, research by Axel Adler Jr. highlights that the market has experienced consistent capital outflows throughout 2026, with the growth rate of market capitalization remaining negative. Experts emphasize that while outflows are slowing, a sustained bullish reversal requires significant new capital inflows to turn these key metrics positive.
(Source：Cointelegraph)