Supply Cleared, Conviction Pending Bitcoin has cleared the $59k–$72k supply cluster and entered a thinly accumulated air gap up to $82k. Spot CVD is recovering, ETF inflows are rebounding, and perp funding remains negative — short covering is doing the work here. But currently, only 60% of the supply is in profit, where prior cycles' early bounces were exhausted multiple times before a structural shift. 📰 http://glassno.de/4siuWg1(glassnode)