Glassnode analysis reveals Bitcoin trapped between accumulation floor and dense overhead supply

Glassnode shows Bitcoin currently trading between an identified accumulation floor (a support zone where long-term holders have been building positions) and a dense overhead supply band made up of coins with higher realized cost bases. That overhead supply creates meaningful resistance that is likely to cap near-term upside and encourage sideways consolidation until those coins are absorbed. The key implication for Bitcoin is that failure to clear this supply could prompt a retest of the accumulation floor and higher volatility, while successful absorption would remove a major resistance and enable a more sustained rally.