Experts noted the first signs of improvement in the network state $BTC against the backdrop of a gradual stabilization of market conditions. At the same time, it is premature to talk about a full recovery of the market.
The Relative Strength Index (RSI) is showing growth and has already risen above recent lows. However, the price movement currently lacks the momentum needed for a sustainable reversal. Activity on spot exchanges remains moderate, indicating a cautious stance from most market participants,” the report states.
At the same time, on-chain data records an increase in capital transfer volumes within the network. According to analysts, this may indicate a gradual return of liquidity. However, the number of active addresses remains relatively low — such dynamics are typical for periods of market calm, as clarified by Glassnode.
Despite the fact that the share of short-term Bitcoin holders remains high, profitability metrics are starting to improve. At the same time, speculative activity in the crypto market remains subdued.
According to analysts, most investors prefer to hold assets and adhere to a wait-and-see strategy, expecting clearer signals for changing investment strategies.
Earlier, expert and co-managing editor of CoinDesk Omkar Godbole stated that a new rally for the first cryptocurrency could begin under one condition — if the price of BTC exceeds the mark of $74,000.