The Numbers from Glassnode
The Numbers from Glassnode that Explain the Consolidation of Bitcoin
Indicator, Reading, Interpretation Selling pressure Moderated ETFs slowed outflows Weak Spot demand Low participation Open Interest -22% since the low De-leveraging Implied volatility Below the realized Market does not expect major movements Risk appetite Absent "Momentum improved, but there is no conviction"
Glassnode conclusion: "Although selling pressure seems to be easing, participation and capital flows remain weak."
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