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Analyst dashboard showing Bitcoin price chart and on-chain data signaling demand exhaustion near $70K.

Bitcoin Demand Exhaustion: Glassnode’s Critical Warning and the Road Ahead

February 20, 2026 j n

Global, May 2025: A critical report from blockchain analytics firm Glassnode has flagged potential Bitcoin demand exhaustion as the cryptocurrency struggles to sustain momentum near the $70,000 price level. This analysis, corroborated by other market observers, points to rising stress within the Bitcoin network as key on-chain metrics weaken. The data suggests the market may […]