✴️#BTC #review Open interest in futures and options has declined. Demand in spot ETFs has declined but remains high. On-chain activity is high.
Last week's selling overhang in futures has significantly decreased. More than two-thirds of the BTC supply has moved into profit, and active profit-taking is currently underway, but at the same time, strong inflows of new, fresh capital are also being observed – Glassnode's weekly review.
Bitcoin trades near $86,000 after a Sunday rally lifted the weekly close about 2% higher. Derivatives positioning eased back into its normal range, and ETF inflows cooled, while on-chain activity, new capital, and profit-taking are all running hot.
Last week's selling overhang in futures has significantly decreased. More than two-thirds of the BTC supply has moved into profit, and active profit-taking is currently underway, but at the same time, strong inflows of new, fresh capital are also being observed – Glassnode's weekly review.
Bitcoin trades near $86,000 after a Sunday rally lifted the weekly close about 2% higher. Derivatives positioning eased back into its normal range, and ETF inflows cooled, while on-chain activity, new capital, and profit-taking are all running hot.
