PANews reported on May 6 that according to Cointelegraph, Glassnode data showed that within the current Bitcoin price range ($75,000-$95,000), about 88% of Bitcoin is in a profitable state, indicating that investors have reset market expectations. The MVRV indicator fell back to 1.74, a historical support level, suggesting that the market has entered a healthy consolidation phase. The reduction in exchange fund inflows and weakening selling pressure further indicate that investors prefer to hold coins rather than cash out, strengthening the sustainability of the current bull market structure. Analysts say this range may become a long-term bottom.