Bitcoin Stabilizes, But Glassnode Warns Spot Demand Is Still Weak
Bitcoin is showing tentative signs of stabilization after its pullback from $74,000, but Glassnode says the recovery still lacks the ingredients of a decisive bullish turn. In its March 9 Weekly Market Pulse, the analytics firm described a market that is improving at the margins even as spot participation, capital flows and broader conviction remain subdued. Glassnode’s overview is cautiously constructive, but only up to a point. The firm wrote, “ETF activity remains a relative area of strength. Net inflows accelerated and trading volumes picked up.” In the same breath, though, it stressed....
Related News
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 […]
On-chain analytics firm Glassnode has highlighted how the Bitcoin Spot Volume spiked during the price drawdown, but it has since cooled off. Bitcoin Spot Volume Shot Up During The Selloff In its latest weekly report, Glassnode has talked about the latest trend in the Bitcoin Spot Volume. This on-chain indicator measures the total amount of […]
Data shows Bitcoin spot exchange-traded funds (ETFs) have seen netflows flip red, implying a slowdown in demand among institutions. Bitcoin Spot ETFs Have Switched To Net Outflows Recently In a new post on X, on-chain analytics firm Glassnode has discussed about the latest trend in the netflow of the US Bitcoin spot ETFs. The spot […]
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 […]
Data shows the Bitcoin spot exchange-traded funds (ETFs) have seen their 14-day netflow trend climb into the positive territory, ending a period of sustained outflows. Bitcoin Spot ETF Netflow Has Been Rising Recently As highlighted by on-chain analytics firm Glassnode in a new post on X, the Bitcoin spot ETFs have seen their 14-day netflow trend climb higher recently. “Spot ETFs” refer to investment vehicles that allow investors to gain indirect exposure to an underlying asset’s price movements. Related Reading: Bitcoin Surge To $74,000 Fueled By US Institutions,....