Glassnode Flags Cleared Path for Bitcoin as BTC Topples $79K

BTC has surpassed $79K after a significant jump of 4.5% in 24 hours, marking its strongest level since early February.

The market intelligence firm Glassnode's Risk Index dropped to zero, indicating a 'cleared risk' scenario for further upside.

Glassnode's Moderate Strategy tracker has flipped from 'Moderate' to 'High Confidence', signaling a bullish regime.

Sustained inflows into Bitcoin ETPs and aggressive demand from spot buyers are supporting the asset, according to Glassnode.