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Bitcoin Clears Risk Index, Surges Past $79K Amid Bullish Sentiment

Guavy AI Editorial Team
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BTC ETH SOL XRP
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Glassnode's risk index for Bitcoin has dropped to zero, signaling a cleared path for further upside in the market.

The Moderate Strategy tracker also flipped from 'Moderate' to 'High Confidence' for the first time since October 10, indicating a bullish regime.

The alignment of both models points to sustained inflows into Bitcoin ETPs and aggressive demand from spot buyers as support for the asset's rally.

BTC climbed above $79,000 on Wednesday, hitting its strongest level since early February, with Ethereum, Solana, and XRP also rising in tandem.

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