📉 Glassnode records a market rebound but the overall picture is still weak

🪙 Bitcoin has risen from the mid $80K to the $91K zone but confidence among participants has hardly increased

📉 Spot volumes are rising but Spot CVD is going deeper into the negative and sellers maintain control

⚠️ In derivatives, sentiment is muted, open interest is declining, and demand for hedging risks is increasing

💼 ETF flows have shifted to significant outflows, indicating profit-taking and weak institutional activity

📊 On-chain metrics provide slight stabilization, but there is no noticeable influx of capital

🐻 The share of short-term participants is too high, and the market remains in a loss realization zone

🧊 There is a rebound, but it is fragile and will not hold without real demand

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#BNB #BTC #ETH