Bitcoin did not fall below its realized price in this bear market, resulting in a net inflow of $1.3 billion into ETFs

On September 23rd, Glassnode reported that the daily closing price of Bitcoin did not fall below the realized price during this bear market, marking the first time since 2017. The Bitcoin NUPL indicator remained positive throughout the entire cycle, and the selling pressure did not reach the level of previous cycles. As of late September, Bitcoin has rebounded above the real market average of approximately $77000 and is currently in a supply intensive area of $84000-85000, with an average MVRV price of $96700 being a key resistance. In the past five trading days, the net inflow of US spot Bitcoin ETFs was approximately $1.3 billion. (Source: CryptoBriefing)