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Glassnode: Bitcoin Market Structure Remains Intact After Sharp Decline, Structural Capital and Institutional Demand Persist
Summary: According to reports from Glassnode, despite the severe impact of the sharp decline, the overall market structure of Bitcoin remains intact. The trading volume of Bitcoin spot continues to be high, ETF inflows persist, and on-chain activity remains strong after the adjustment of entities. These dynamics indicate that while leveraged participants have been forced to ...
According to reports from Glassnode, despite the severe impact of the sharp decline, the overall market structure of Bitcoin remains intact. The trading volume of Bitcoin spot continues to be high, ETF inflows persist, and on-chain activity remains strong after the adjustment of entities. These dynamics indicate that while leveraged participants have been forced to exit, structural capital and institutional demand still exist.
Deleveraging marks a significant and necessary adjustment in the Bitcoin market. Excess leverage has been cleared, speculative positions have decreased, and short-term market sentiment has been readjusted. While liquidity and broader market participation remain unchanged, momentum has slowed, and profit-taking has cooled down. The market is currently entering a consolidation phase, characterized by a cautious market, selective risk-taking, and a more cautious rebuilding of confidence in both the spot and derivatives markets.
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Link: Glassnode: Bitcoin Market Structure Remains Intact After Sharp Decline, Structural Capital and Institutional Demand Persist [Copy]
