Glassnode Flags Rare Bear Signal as BTC Realized Losses Roll Over Near $75M

According to Glassnode lead analyst Cryptovizart on July 16, realized losses from Bitcoin holders who acquired BTC between July 2024 and July 2025 have begun rolling over, signaling a potential bear market bottom. The on-chain analytics firm's 30-day rolling average of realized losses recently crossed $75 million before declining, a pattern historically associated with exhausted seller pressure and early recovery phases.

Bitcoin traded near $64,000 at report time, down from its October 2025 peak above $122,000. Glassnode identified $69,000—coinciding with 2021 cycle highs—as the next key resistance level for short-term holders. The realized-loss reversal combined with stochastic RSI signals in classic reversal territory creates a testable scenario for traders monitoring whether the current drawdown has found structural support.