Crypto Market in Reassessment, Bounce Likely Ahead
Key Notes
- Bitcoin ETF inflows fell 80% last week amid post-ATH cooldown.
- Glassnode notes that the derivatives market is still elevated, showing leveraged optimism.
- On-chain metrics still show 96.9% of the BTC supply in profit.
Glassnode’s latest weekly report suggests that Bitcoin
BTC
$118 317
24h volatility:
0.4%
Market cap:
$2.35 T
Vol. 24h:
$41.40 B
rally has entered a “reassessment phase” after briefly touching its all-time high on July 14. The…
