Bitcoin Vector Shifts into Risk-On Regime as Recovery Remains Uncertain
Bitcoin's recovery has received some good news from Glassnode's Bitcoin Vector, which has shifted into a Risk-On regime. This change occurred after Bitcoin rose above $70,000, a level that is significant because it places many recent buyers back above their average entry price.
This shift does not guarantee a straight rally or an exact top call for Bitcoin. The model is designed to identify changing market regimes and combines momentum thresholds and capital-flow measures, but the underlying formula is proprietary, so outside readers cannot independently reproduce its signals.
Despite the positive Vector reading, Glassnode's broader Market Compass remains in a Risk-Off regime, indicating that the wider crypto and macro environment is still defensive. The Compass combines seven lenses, including sector performance, Bitcoin's relationship with macro markets, short-term-holder cost basis, and global liquidity.