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Glassnode: BTC Price Falls to Near $110,000, Market Sentiment Turns Cautious
Summary: According to Glassnode data, BTC rose to $117,000 over the weekend but quickly fell to $111,000, showing increased market volatility. Spot market momentum weakened, RSI approaching oversold territory, selling pressure deepened, and trading volume remained stable. Futures market leverage decreased, funding rates rose, and speculative demand showed signs of weakness. Outflows of $1 billion from ...
According to Glassnode data, BTC rose to $117,000 over the weekend but quickly fell to $111,000, showing increased market volatility. Spot market momentum weakened, RSI approaching oversold territory, selling pressure deepened, and trading volume remained stable. Futures market leverage decreased, funding rates rose, and speculative demand showed signs of weakness. Outflows of $1 billion from US-listed spot ETFs, decreased trading volume, and institutional demand cooling. On-chain data shows a decrease in daily active addresses and transaction fees, a decline in network usage, and an increase in transfer volume driven by volatility.
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Link: Glassnode: BTC Price Falls to Near $110,000, Market Sentiment Turns Cautious [Copy]
