Glassnode: Speculative Demand Keeps Bitcoin Under $68.7K
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Bitcoin goes through one of the most delicate phases of its current market structure. Selling pressure begins to lose intensity, but the problem is that buyers have not yet appeared with the necessary strength to confirm a recovery. That is Glassnode’s main diagnosis in his latest report The Week On-Chain, published on August 12, where he warns that Bitcoin remains compressed between two fundamental cost levels while the spot volume drops to low…
Glassnode: Speculative demand keeps Bitcoin under $68.7K
Bitcoin has remained trapped in a tight trading band since early June, and on-chain data suggests the latest pressure is coming from short-term holders trying to exit around levels where they’re closest to breakeven. Glassnode’s latest weekly on-chain analysis points to realized-price “resistance” formed by speculative investors who bought within the past six months, while Bitfinex Alpha highlights how a concentrated supply slice is repeatedly f…
Bitcoin’s Thin Liquidity And Missing Demand Signal Seller Stress, Glassnode Warns
BitcoinWorld Bitcoin’s Thin Liquidity and Missing Demand Signal Seller Stress, Glassnode Warns Bitcoin is facing unusually thin liquidity and a notable absence of demand, according to a recent report from on-chain analytics firm Glassnode, which warns that the current market structure is amplifying seller stress and leaving prices vulnerable to sharp moves. What the Glassnode Report Says Glassnode’s analysis, released this week, highlights that…
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