#BTC Glassnode Update ๐
Momentum is building โ but cracks are visible.
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๐ Price Momentum
RSI jumped from 52 โ 63.1
Now above the high band of 60.5
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Buyers are in control
โ ๏ธ But stretched conditions = short-term profit-taking risk
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๐ฐ Spot CVD
Flipped from -$83M โ +$46.2M
Well above the high band of $3.8M
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Aggressive buy-side pressure is back
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Short-term conviction is strong
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๐ Spot Volume
Dropped from $8.8B โ $7.7B (-12.8%)
Near its low band
โ ๏ธ Price is rising but volume is falling
โ ๏ธ Liquidity hasn't caught up yet
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The big picture? ๐
Buyers are stepping in hard.
ETF inflows are still favorable.
Profitability is slowly improving.
But volume is quiet.
Derivatives are cautious.
On-chain activity is still low.
This looks like early-stage recovery โ
not a full bull confirmation yet.
๐ Watch for volume to catch up.
That's the real green light. ๐ฆ
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$BTC #Bitcoin #CryptoAnalysis #Glassnode