Glassnode: Bitcoin Demand Is Slowly Coming Back After Months Of Decline
Data from Glassnode shows demand on the Bitcoin network has been gradually recovering recently, after facing months of continuous decline. Total Amount Of Coins In Bitcoin Mempool Has Been On The Rise During Past Month According to the latest weekly report from Glassnode, the BTC network has been observing a small, but sustained surge in […]
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Although Bitcoin prices made a strong 15% recovery over the past week, metrics suggest more network demand would be needed to sustain further price increases. With several on-chain metrics for Bitcoin (BTC) still in a bearish range, a continuation of the recent price recovery will require increased demand and fees spent over the network, says Glassnode. The assessment of mediocre market growth over the past week came from blockchain analysis firm Glassnode in its latest The Week On Chain report on August 1.In it, analysts pointed to sideways growth in transactional demand, active Bitcoin....
Bitcoin (BTC) is hovering around a precarious stage below the $100,000 psychological level as supply in profit just crashed to a new 2025 low. Amid this decline, Glassnode analysts Chris Beamish, Antoine Colpaert, and CryptoVizArt highlight a complex interplay of structural weakness, cautious investor behavior, and decreased institutional demand. Bitcoin also remains oversold; however, it has yet to enter full capitulation. This suggests that price is fragile but not broken, balancing between recovery and the risk of a deeper decline. Bitcoin Supply In Profit Crash Signals Weak Demand And....
The crypto markets have accepted the depegging of UST and the subsequent downward spiral of LUNA, both of which impacted the price of Bitcoin and the entire digital asset spectrum. According to a recent report by the Glassnode team, the Bitcoin market has been trading lower for eight weeks, making it the ‘longest continuous series of red weekly candles in history.’ Even Ethereum, the most popular altcoin, painted a similar picture. Bearish fluctuations damage returns and profit margins directly or indirectly. To make matters worse, derivative markets forecast shows more....
The latest analysis by Glassnode suggests that the worst of the sell-offs could be concluded, but the market still needs time to recover. “Extreme” demand at the $20,000 price point for Bitcoin (BTC) appears to have forced the coins back into the hands of investors who care less about price while creating a new realized price level.In the latest The Week OnChain Newsletter published on Monday, Glassnode’s UkuriaOC pointed to “extreme demand” around the $20,000 region, noting that each psychological price level from $40,000 to $30,000 to $20,000 creates a new group of short-term holders....
On-chain analytics firm Glassnode has pointed out how Bitcoin spot ETF inflows are still not at the intensity seen during previous rallies this cycle. Bitcoin Spot ETF Inflows Are Currently Under 1,000 BTC Per Day In a new post on X, Glassnode has talked about the latest trend in the inflows of the spot exchange-traded […]