#BTC Glassnode Update 📊
Momentum is building — but cracks are visible.
━━━━━━━━━━━━━━
📈 Price Momentum
RSI jumped from 52 → 63.1
Now above the high band of 60.5
✅ Buyers are in control
⚠️ But stretched conditions = short-term profit-taking risk
━━━━━━━━━━━━━━
💰 Spot CVD
Flipped from -$83M → +$46.2M
Well above the high band of $3.8M
✅ Aggressive buy-side pressure is back
✅ Short-term conviction is strong
━━━━━━━━━━━━━━
📉 Spot Volume
Dropped from $8.8B → $7.7B (-12.8%)
Near its low band
⚠️ Price is rising but volume is falling
⚠️ Liquidity hasn't caught up yet
━━━━━━━━━━━━━━
The big picture? 👇
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 —
not a full bull confirmation yet.
🔑 Watch for volume to catch up.
That's the real green light. 🚦
━━━━━━━━━━━━━━
$BTC
#Bitcoin #CryptoAnalysis #Glassnode
Momentum is building — but cracks are visible.
━━━━━━━━━━━━━━
📈 Price Momentum
RSI jumped from 52 → 63.1
Now above the high band of 60.5
✅ Buyers are in control
⚠️ But stretched conditions = short-term profit-taking risk
━━━━━━━━━━━━━━
💰 Spot CVD
Flipped from -$83M → +$46.2M
Well above the high band of $3.8M
✅ Aggressive buy-side pressure is back
✅ Short-term conviction is strong
━━━━━━━━━━━━━━
📉 Spot Volume
Dropped from $8.8B → $7.7B (-12.8%)
Near its low band
⚠️ Price is rising but volume is falling
⚠️ Liquidity hasn't caught up yet
━━━━━━━━━━━━━━
The big picture? 👇
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 —
not a full bull confirmation yet.
🔑 Watch for volume to catch up.
That's the real green light. 🚦
━━━━━━━━━━━━━━
$BTC
#Bitcoin #CryptoAnalysis #Glassnode