Bitcoin's price is currently 20% below its all-time high, reflecting market apathy. However, onchain metrics suggest a larger move is imminent, according to a Glassnode report. Despite recent price drops, the Market Value Realized Value (MVRV) metric shows many Bitcoin investors are still in profit. The report also notes that Bitcoin's accumulation between $60,000 and $70,000 since March has led to market indecision. Glassnode suggests $50,000 is a crucial price level for Bitcoin to maintain if the macro bull market is to continue. Meanwhile, a 10X Research report warns that if Bitcoin fails to stay above $60,000, it could rapidly descend to lower support levels, potentially reaching $50,000.