Bitcoin Spot Market Improves As Sell Pressure Eases
Glassnode reports improving Bitcoin spot market conditions with rising volume and reduced sell-side pressure, though demand remains fragile.Summary
Analysts at Glassnode indicate that early signs of improvement are visible in the Bitcoin spot market, marked by a modest lift in trading volume and a break above the upper statistical band for the net buy-sell imbalance, signaling a clear reduction in sell-side pressure. Despite this, spot demand is described as fragile and uneven, with Bitcoin trading around $92,550 following a recent decline. Glassnode suggests that while defensive positioning persists, strengthening buy-side dynamics and renewed institutional interest point toward a gradual rebuilding of market structure. Experts like Gracie Lin of OKX Singapore noted that long-term holders are less inclined to sell rallies, and ETF flows show institutions buying pullbacks, strengthening Bitcoin's case as a portfolio hedge amid geopolitical trade tensions. Furthermore, analysts at Swissblock pointed out that current declines in network growth and liquidity mirror conditions from 2022, which historically preceded a major bull run following a consolidation phase.
(Source：Cointelegraph)