BTC Market Pulse: Week 50

insights.glassnodePublicado em 2025-12-08Última atualização em 2025-12-08

Resumo

BTC's market pulse showed mixed signals in Week 50. Momentum strengthened as the 14-day RSI rose to 58.2 and spot volume increased 13.2% to $11.1B. However, Spot CVD weakened significantly, indicating stronger underlying sell pressure. Derivatives remained cautious with lower futures open interest and mixed options sentiment, including a high demand for downside protection. ETF flows turned negative, shifting from a $134.2M inflow to a $707.3M outflow, suggesting profit-taking or reduced institutional interest. Despite this, ETF trade volume rose 21.33% and ETF MVRV increased, pointing to higher holder profitability and potential distribution.

Momentum firmed as the 14-day RSI climbed from 38.6 to 58.2, while spot volume rose 13.2 percent to $11.1B. However, Spot CVD weakened from -$40.8M to -$111.7M, pointing to stronger underlying sell pressure.

Derivatives remained cautious. Futures open interest fell to $30.6B, perpetual CVD improved slightly, and funding turned more supportive with long-side payments up to $522.7K. Options showed mixed sentiment: steady OI at $46.3B, a sharply negative volatility spread at -14.6 percent, and a high 25-delta skew at 12.88 percent, indicating demand for downside protection.

ETF flows added a clear headwind. Netflows flipped from a $134.2M inflow to a $707.3M outflow, signalling profit-taking or softer institutional interest. Yet ETF trade volume rose 21.33 percent to $22.6B, and ETF MVRV increased to 1.67, pointing to higher holder profitability and some potential for distribution..

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Exchange balances presented are derived from Glassnode’s comprehensive database of address labels, which are amassed through both officially published exchange information and proprietary clustering algorithms. While we strive to ensure the utmost accuracy in representing exchange balances, it is important to note that these figures might not always encapsulate the entirety of an exchange’s reserves, particularly when exchanges refrain from disclosing their official addresses. We urge users to exercise caution and discretion when utilizing these metrics. Glassnode shall not be held responsible for any discrepancies or potential inaccuracies.

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