Glassnode Flags Zero-Risk Bitcoin Regime as Price Surges Past $79K

Bitcoin's price surged past $79K on Wednesday, hitting its strongest level since early February. The asset rose 4.5% in a single day, with Ethereum (ETH), Solana (SOL) and XRP (XRP) following suit.

The market intelligence firm Glassnode flagged 'cleared risk' after its Risk Index dropped to zero, its lowest possible level on the scale of 0 to 100. According to analysts, this reading points to a bullish regime with a clear path for further upside.

Glassnode's Moderate Strategy tracker also flipped from 'Moderate' to 'High Confidence', supporting this analysis. The firm pointed to sustained inflows into Bitcoin ETPs and aggressive demand from spot buyers as key support.