BTC Market Pulse: Week 11
Bitcoin retreated from the $74k level, showing tentative signs of stabilization. Momentum improved modestly with RSI recovering, though overall price action remains subdued. Spot trading volume was lower, indicating limited participation.
Futures open interest rose, while funding rates turned negative, reflecting mixed derivatives sentiment. Options markets became less defensive as volatility spreads narrowed and skew declined.
ETF inflows accelerated, though the average holder is now underwater. On-chain metrics were mixed: transfer volume improved, but active addresses and fees remained soft. Supply in profit and NUPL saw modest recovery.
Overall, conditions are stabilizing with slight improvements in momentum, ETF demand, and profitability. However, capital flows remain weak, speculative activity is low, and broader conviction has not yet fully returned.
insights.glassnode2 gün önce 19:06