BTC Market Pulse: Week 20
Bitcoin climbed from the high-$77Ks to low-$82Ks last week, with buyers absorbing pullbacks despite cooling momentum near highs. Spot metrics show strong bullish conviction and higher volume, though moderated price momentum hints at potential stabilization. Futures activity indicates increased speculative risk appetite but a decline in long-side funding suggests waning bullish sentiment. Options data points to neutral-to-bullish expectations but with high priced-in risk, signaling uncertainty.
On-chain fundamentals strengthened, with rises in active addresses, transfer volume, and fees, reflecting greater network engagement and user activity. Liquidity stabilized with reduced immediate sell pressure and modest net capital inflows. Profitability improved, though the supply in profit remains below heavy profit-taking levels, indicating measured optimism.
Overall, Bitcoin's market structure is improving with stronger on-chain activity, healthier profitability, and stable holder positioning. While bullish undertones are building, softer capital inflows and cautious sentiment suggest the market remains sensitive to shifts in risk appetite.
insights.glassnodeВчера 14:10