Bitcoin Rally Is 'Early and Speculative,' Glassnode Says
- —Glassnode calls the current bitcoin rally early and speculative
- —The missing piece is sustained spot demand, not derivatives activity
- —The move relies on short-term flows rather than long-term holder accumulation
Why it matters: Without a pickup in spot demand, the rally may prove fragile and prone to a sharp pullback.
Source: Google News (crypto query)