Bitcoin is showing early signs of recovery momentum, but the market remains cautious. Here's what's happening:
📈 Positive signal:
- RSI increased from 38.6 to 58.2, indicating strengthening momentum.
- Spot trading volume increased by 13.2% to 11.1 billion USD.
- The number of active addresses slightly increased to 693,035.
- Adjusted transfer volume increased by 17.1% to 8.9 billion USD.
- The profitable supply increased to 67.3%.
📉 Warning indicator:
- The CVD of spot trading weakened to -111.7 million USD, indicating potential selling pressure.
- ETF cash flow shifted from 134.2 million USD flowing in to 707.3 million USD flowing out.
- The value of open futures contracts decreased to 30.6 billion USD.
- The 25-delta skew (12.88%) indicates a demand for protection against downside risk.
- The market is still dominated by short-term participants (Hot money ratio at 39.9%).
The market seems to be gradually regaining confidence after recent volatility, with improved technical indicators but institutional sentiment still hesitant. It’s worth watching how these mixed signals will develop!
The content is for reference and discussion purposes only, not investment advice.
