Cryptocurrency analytics company Glassnode has published a bullish analysis following the recent surge in Bitcoin's price. Glassnode stated that Bitcoin has broken above significant cost floors that have been suppressing its price throughout 2026, and the market is now poised to test higher levels. According to the analytics firm, limited profit-taking, renewed demand for spot Bitcoin ETFs, and a recovery in trading volumes indicate that the current rally is progressing in a healthier manner compared to previous peak periods.