📉 It is expected that the growth of Bitcoin will be short-lived until liquidity returns.

📊 Bitcoin prices cannot sustain growth due to insufficient liquidity on the buyer's side.

🛡 Glassnode's analysis highlights critically important metrics that may determine the next phase of Bitcoin price expansion.

💰 Current market conditions show that over 22% of Bitcoin supply is held at a loss, increasing sensitivity to potential support breakouts.

⚙️ BTC inflows on Binance at 2020 levels limit immediate selling pressure, indicating that investors are currently more inclined to hold rather than sell.

📅 A sustainable recovery in Bitcoin prices depends on liquidity metrics, particularly maintaining the realized profit/loss ratio above a critical threshold, which historically indicates a recovery of liquidity inflows.