Data: Bitcoin spot
According to ChainCatcher, Glassnode has disclosed that the latest on-chain data shows Bitcoin spot transaction volume difference (7-day moving average) has once again entered a sustained negative range. As the Bitcoin price fell back to around 73,000 USD, there was a clear acceleration of selling pressure in the market, with sellers continuing to dominate the spot market and distribution pressure on tokens is gradually accumulating.
Recently, as Bitcoin retreated from above 80,000 USD to around 75,000 USD, spot demand, ETF capital inflows, and volatility expectations have all continued to weaken. Although market positions have been somewhat reset, investor confidence remains limited, and the overall sentiment is one of cautious observation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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