While some indicators hint at bearish momentum, fresh data suggests that the market may still have room to push higher.<\/p>\n
Blockchain analytics firm Glassnode has highlighted growing pressure on short-term Bitcoin<\/a> <\/strong>holders, who are now facing significant unrealized losses. These losses, which exist only on paper until assets are sold, have reached levels that in the past have signaled increased selling activity.<\/p>\n Despite this, Glassnode points out that the magnitude of these losses is still within the range typically seen in bullish phases. Compared to the heavy sell-offs of 2021, the current downturn appears far less severe, indicating that the broader market trend may not have fully reversed.<\/p>\n![\"Image\"](\"https:\/\/pbs.twimg.com\/media\/GmlU9IHW0AAtdEo?format=jpg&name=4096x4096\")