Glassnode analysts report a decrease in Bitcoin selling pressure, signaling a market stabilization and an incipient technical recovery.
The Bitcoin market is going through a phase of technical consolidation in which several indicators reflect a transition from distribution pressure to a more sustained state of equilibrium.
According to the report Weekly Market Pulse According to a recent Glassnode report, network activity is beginning to recover, although the overall environment for investors still exhibits some fragility. Over the past week, the leading cryptocurrency has traded within a narrow range as momentum indicators attempt to recover from short-term weakness.
Glassnode analysts emphasize that, while a decisive breakout in the BTC price has not yet occurred, internal market conditions show a gradual improvement. This progress is supported by a significant decrease in aggressive selling and a moderate increase in network usage, marking a new milestone in the evolution of market sentiment.
Buy Bitcoin today at Bit2MeBitcoin attempts to regain momentum with increased spot trading activity
According to the latest data shared by Glassnode, Bitcoin is showing signs of recovery again after falling to low levels in recent weeks. Relative Strength Index (RSI)The index, which measures market momentum, rose from 36,2 to 41,0 points. This advance represents a 13,3% improvement in the cryptocurrency's strength, although it remains below the neutral level of 50, indicating that the recovery process is still underway.
Furthermore, analysts have focused on the evolution of Cumulative Volume Delta (CVD)This indicator reflects the balance between buying and selling in the spot market. According to Glassnode, this figure decreased from -$202,9 million to -$115,6 million, a 43% improvement that signals less selling pressure and more active demand for Bitcoin from buyers. In other words, investors appear to be absorbing the available supply of the cryptocurrency more effectively, helping to stabilize its price in the market.
According to the weekly report, Bitcoin spot trading volume also showed a 45,7% increase, reaching $9.600 billion. This rise suggests healthier market participation, with no signs of excessively speculative movements.
Taken together, all this data points to a gradual recovery in the Bitcoin market, marked by increased buying interest and reduced selling pressure, factors that could strengthen its price if the trend continues in the coming days, according to experts.
Take advantage of the market and trade BTC nowGlassnode detects signs of moderation and increased hedging in derivatives
The derivatives market is showing a more cautious tone compared to the rally seen in the spot market. The latest figures reveal that open interest in futures contracts fell 1,4%, reaching $27.800 billion. Analysts believe this adjustment reflects a slight reduction in the risk that traders are holding in their positions.
The Glassnode report also highlights a sharp drop in funding rates, which fell from one million dollars to just over 216.000, a decrease of more than 78%. This movement suggests that investors are showing less appetite for holding long positions with high levels of leverage.
As for the options market, the scenario presents a mixed picture. According to analysts, the 25-day delta deviation rose to 18,28%, exceeding its usual statistical range and indicating greater use of hedging against potential price corrections. However, implied volatility remains below realized volatility, suggesting a more stable perception of immediate market movements.
Bitcoin gains strength and ETFs mark its return
The fundamental indicators of the Bitcoin network show a solid and encouraging trend. According to the latest data, the number of daily active addresses increased by 8,8%, reaching 661.596. This growth in participation is complemented by a 21,8% increase in the volume of transfers adjusted by entities, which stood at around $6.000 billion.
Total network fees also advanced 14,6%, reflecting more intense demand for block space, a behavior that is usually associated with greater user interaction and economic activity within the blockchain ecosystem.
On the institutional front, Bitcoin exchange-traded funds (ETFs) in the United States saw a notable improvement in investment flows. After a week of daily outflows, the sector reported net inflows of $775,97 million, demonstrating renewed interest from traditional finance.
According to market analysts, this movement signals a recovery phase in institutional demand for Bitcoin, accompanied by moderate profitability reflected in an MVRV indicator of 1,07. Overall, the data confirms that Bitcoin maintains solid performance both on its network and in its integration with global financial markets.
Create your account and buy BitcoinAnalysts point to a slow but steady recovery for Bitcoin
Despite signs of stabilization, a significant portion of the network remains in a precarious financial position. The Glassnode report details that the supply of coins in profit has decreased slightly to 53,7%, meaning that nearly half of all Bitcoin holders are holding positions below their purchase price.
The indicator of Unrealized Net Profit/Loss (NUPL) It remains at -33,4%, placing the market in predominantly loss territory, a typical scenario during accumulation or market stress phases. Finally, analysts observe a change in capital composition. The proportion of "hot capital," a term used to refer to currencies that have moved in the last three months, fell from 27,6% to 24,1%. This decrease in speculative capital reduces the risk of massive sell-offs and supports a less volatile environment.
In short, data Analysis by Glassnode suggests that Bitcoin is in an early stage of recovery, where decreased selling pressure and increased organic activity provide solid support for the cryptocurrency, even though investor conviction remains cautious given the current macroeconomic context.
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