On-chain analytics firm Glassnode reports that Bitcoin has stabilized above its 135-day moving average, a sign of potential shift from heightened volatility to consolidation within the market. The update highlights the Young Supply MVRV ratio, a measure of unrealized profit for recently acquired coins, resetting toward 1.0 – a level historically associated with market equilibrium. When this metric reaches around 1.0, it often signals a cooling period where short-term holders exit speculative phases, allowing for market reset without significant structural damage. 70,000 range and its established macro uptrend structure suggest that recent turbulence has been absorbed within the market’s existing framework.