Bitcoin Regains True Market Mean as Glassnode Signals Bullish Turn

Bitcoin has regained its 'True Market Mean' according to blockchain analytics firm Glassnode. This development marks a return to a bullish market regime, as characterized by Glassnode.

The True Market Mean is a metric used to assess Bitcoin's position within its broader market cycle. However, the source did not provide further details on how this metric is calculated or what specific thresholds are used to classify market conditions.

Glassnode's characterization of the move as a return to a bullish regime should be taken in context. The reported development concerns Bitcoin's relationship with the True Market Mean, rather than a direct prediction of future price movements.