# Chart of the Week: Recovering from a Bitcoin Bear

## Метаданные

- **Канал:** glassnode
- **YouTube:** https://www.youtube.com/watch?v=LRtlndp18rc
- **Дата:** 21.05.2026
- **Длительность:** 3:27
- **Просмотры:** 960
- **Источник:** https://ekstraktznaniy.ru/video/53143

## Описание

Welcome to "Chart of the Week" by Glassnode. This series offers bitesize insights into the market via different charts each week.

Recovering from a Bitcoin Bear Dashboard: https://glassno.de/4x0pvVR

Follow us on X:  https://glassno.de/47SbyNA
Follow Anton on X: https://glassno.de/40FAiFZ
Follow us on LinkedIn: https://glassno.de/3WNCMQF
Join our Telegram channel: https://glassno.de/43pLZ5g
Visit Glassnode Studio: https://glassno.de/4hW2k7T
Visit Glassnode Insights: https://glassno.de/3JKuoOY

Disclaimer:
This video does not provide any investment advice. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.

## Транскрипт

### Segment 1 (00:00 - 03:00) []

Hi guys and welcome back to Chart of the Week with Glassnode where we bring you some of the most important charts in crypto. This week we're revisiting one of our time-tested frameworks which is called recovering from a Bitcoin bear. We're doing this to understand the current state of the market given that recent spot price action from the mid-70s up to low and mid-80s and then back again in a really short period of time to the mid to high 70s on Bitcoin. So, that price action it left a lot of people wondering, are we moving towards a Bitcoin bull now or do we remain within a Bitcoin bear? And that's exactly what this framework was designed a long time ago to measure. So, if we look down to the left-hand side, we can see there's four key areas which the framework uses to try and interpret whether we have transitioned to a bull market. Those areas are spot price trading above key technical and on-chain levels, increase in momentum both in fees and activity on the network. The third area is market profitability returning. So, that sell side being absorbed over a long period of time. And then the fourth area is a favor towards longer-term holders in terms of the balance of USD wealth on the network. So, we're looking for longer-term holders to have more of that share. Each condition has two separate signals which need to be met in order for that to flash green. So, if you see down the left-hand side here on the pricing models, we need on the technical side to be trading above the 200-day SMA and on the on-chain side we need to be moving trading above the realized price. And there's two signals for each of these conditions here, but that's just an example with price. Now, if I go to the actual signal itself, we can see here it's represented with a light blue line. This is how you interpret it. A light blue line if only five of the eight conditions have been met and then a dark blue line when all conditions have been met. And if I zoom in and look back to 2022 onwards, you can see that this signal when eight of the eight conditions were met, we moved in that 2023 run up and again towards the end of 2023 it fired in December and that preceded the huge 2024 bull run back up to 12020 125k. So, this is how it's been in the past. This is how the signal has fired in 2023 preceding the bull run. It's a really reliable signal when eight of the eight conditions are met. When five met, it's been fairly reliable but obviously not to the same tune as when all eight conditions are met. We can also see that again in late 2019 when eight conditions met, it preceded quite a big run up in 2021 over here. Bringing this back to the current state of the market today I'll zoom right in to April and May. So, you can see five of the conditions of five of the eight conditions have been met especially recently. However, we don't see that eight of eight which is the full confirmation of moving back to a bull market. I hope that was useful. Please make sure to like, comment, subscribe and follow for more all of that good stuff and we'll see you on another video.