📊 #BTC #ETF Glassnode: Overall, the situation remains favorable in the spot market, derivatives market, ETF, and based on on-chain indicators. Profitability is decreasing, capital inflow is negative, and demand for hedging remains high after the reassessment towards the downside. Although some signals indicate a possible easing of selling pressure, sustained recovery likely depends on a resurgence in spot demand capable of stabilizing prices above recent lows. #crypto
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📊 #BTC #ETF Glassnode: Overall, the situation remains favorable in the spot market, derivatives market, ETF, and based on on-chain indicators. Profitability is decreasing, capital inflow is negative, and demand for hedging remains high after the reassessment towards the downside. Although some signals indicate a possible easing of selling pressure, sustained recovery likely depends on a resurgence in spot demand capable of stabilizing prices above recent lows. #crypto