Bitcoin traded near $76,458 on Sept. 17, holding close to Glassnode’s $76,700 True Market Mean even as two demand indicators weakened. Realized Cap declined on Sept. 15 after 27 consecutive days of gains and remained negative in Glassnode’s Sept. 16 observation, while U.S. spot Bitcoin ETFs recorded net outflows of $450.4 million and $295.9 million on consecutive days. Glassnode said two daily closes above $76,700 alongside renewed Realized Cap growth would restore the prior range; another close below that threshold would shift focus to the roughly $71,300 short-term-holder cost basis. The broader backdrop remains weak: stablecoin supply has stalled near $301 billion, listed companies bought 5,900 BTC over three months, and corporate treasuries hold an average $80,500 cost basis.