Bitcoin price breakouts struggle due to lack of bid-side liquidity. Glassnode analysis indicates crucial metrics needed for the next phase of BTC price growth. Bulls prevented a drop below $80,700-$83,400 but need liquidity to sustain recovery. Over 22% of Bitcoin held at a loss, low BTC inflows to Binance reduce immediate sell pressure. Investors prefer holding BTC, lowering downside risk. Bitcoin exchange flows show positive signal for market sentiment.

Read more at Cointelegraph: Liquidity Will Decide BTC’s Next Rally: Glassnode